And Formation of Independent Research Development Council
SAN FRANCISCO, CA (May 21, 2007) – Glass, Lewis & Co., a leading provider of investment research and global proxy advisory and voting services, announced today that Lynn E. Turner is leaving his post as Managing Director of Research effective June 8, 2007.
Mr. Turner has been with Glass Lewis since shortly after it launched in February 2003. “It has been four years since Glass Lewis became a reality. During that time, the company has grown from a start-up to become the world’s secondlargest proxy advisor and has become known for leading-edge financial research that is frequently cited by regulators and major newspapers,” said Mr. Turner. “I have thoroughly enjoyed working with the team of professionals who provide our clients with high-quality research and an important voice on public policy.” “Under Lynn’s tutelage, Glass Lewis has become a leading voice on corporate governance, transparency and integrity in the capital markets. His legacy will be reflected in the research done by everyone at Glass Lewis,” said Katherine Rabin, chief executive officer of Glass Lewis. “We will continue our tradition of providing our clients with strong, informed and independent views on corporate governance and accounting issues.”
Glass Lewis also announced it is recruiting a group of customers, academics and other industry experts in the fields of corporate governance and accounting to serve on a newly formed Independent Research Development Council. This council will ensure that Glass Lewis’ research continues to meet the quality standards, objectivity and independence criteria set by Mr. Turner and Glass Lewis’ outstanding research team leaders: Robert McCormick, Chief Policy Officer; Michael Lofing, Managing Director, Financial Analysis; Warren Chen, Managing Director, M&A and Quantitative Analysis; and Brittany Wedereit, Vice President, Proxy Research Operations.
About Glass, Lewis & Co., LLC
Glass, Lewis & Co., a Xinhua Finance Company (TSE Mothers: 9399), is a leading investment research and global proxy advisory and voting services firm, serving institutions that collectively manage more than $15 trillion. Glass Lewis helps institutional investors make more informed investment and proxy voting decisions by identifying business, legal, governance and financial statement risk at more than 13,000 companies worldwide. Founded in 2003, Glass Lewis is headquartered in San Francisco with offices in New York, London, Tokyo, Sydney and Denver. For more information, please visit www.glasslewis.com.
More Information:
Bayley Diamond, +1 415 738 4115, bdiamond@glasslewis.com
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