Glass Lewis Blog
The Glass Lewis Blog is regularly updated with information of use to our institutional investor clients including our insights on major corporate governance news, replays of Proxy Talk conference calls, and the publication of new guidelines, season previews, season reviews and special reports.
Corporate Governance, Board Oversight & the 2023 Banking Crisis
In the spring of 2023, the United States witnessed the country’s three largest bank failures since the 2008 financial crisis. Market-wide developments such as high interest rates and regulation rollbacks, along with company-specific factors including [...]
Controversy Alert Roundup – Pilgrim’s Pride Corporation
Despite good legal news for the Batista brothers, Pilgrim’s Pride may face questions relating to poultry price-fixing, rotten meat and charges of corruption on the occasion of their return to the animal protein producer’s board [...]
Controversy Alert Roundup – Olam Group Limited
Olam Group Limited’s board and sustainability committee may face scrutiny from investors at the upcoming annual general meeting after reported performance on safety metrics improved significantly despite an upward trend in operational fatalities. With thousands [...]
Controversy Alert Roundup – Stellantis N.V.
Executive compensation was already a lightning rod at Stellantis. With the multinational auto giant increasing its CEO’s pay opportunity by 50%, laying off thousands of workers in the wake of the UAW strike, and boosting [...]
UK’s QCA Governance Code Updates Cover Remuneration Votes, Board Structure and E&S Issues
The UK’s other corporate governance code has been updated, with new and amended provisions covering remuneration votes, board structure and environmental & social (E&S) issues, among other topics. On November 13, 2023, the Quoted Companies [...]
Controversy Alert Roundup – Rockwool A/S
More than two years into the invasion of Ukraine, Rockwool A/S continues to maintain production at its Russian factories. The past year has seen the mineral wool manufacturer blacklisted amidst new reporting on its involvement [...]
Why Are Accounting Errors on the Rise at U.S. Public Companies?
Financial reporting errors can create serious problems for public companies, their boards and their owners – and over the past several years, accounting concerns have been increasing amongst U.S. public companies. This puts audit committees, [...]
Controversy Alert Roundup – InMode Ltd.
InMode’s upcoming AGM sees the Israel-based, Nasdaq-traded medical device innovator undergoing its first board refreshment since its 2019 IPO, with the appointment of a new, ostensibly “independent” director. However, murky disclosure of cozy business relationships [...]
Navigating Pervasive Short-Termism and the Complexities of Shareholder Activism: Report from CGI Glass Lewis’ Remuneration & Governance Forum
The 18th Annual Remuneration & Governance Forum, co-hosted by Glass Lewis and Guerdon Associates, convened on the 27th of February 2024 in Sydney. This year's forum concentrated on examining the trends and outcomes of the [...]
Inflation Accounting Delays Reporting, Proxy Season in Türkiye
Mandatory market-wide accounting adjustments due to inflation appear to be delaying Turkish public companies’ 2024 annual general meetings, and may push proxy season back several months. However, financial institutions are controversially excluded from the accounting [...]
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