Glass Lewis has submitted a comment letter on proposed Revisions to the Principles for Responsible Institutional Investors ≪Japan’s Stewardship Code≫. In particular, Glass Lewis shared comments regarding the new Principle 8, which provides guidance to proxy advisors and other service providers.
As a proxy advisor, Glass Lewis supports the creation of Principle 8. We recognize that the entire market benefits when service providers avoid conflicts and promote transparency, accuracy and active engagement, and we welcome attention to this area. Glass Lewis has spent a lot of time and effort throughout the years to develop policies and procedures, as well as to dedicate resources on initiatives to deal with these very topics. We took the opportunity to share our approach and our experiences, which we believe may provide relevant context to this discussion. We will also highlight areas where we have some concerns regarding the specific guidance that has been proposed.
You can download our submission to the consultation below. For more information, contact regulatory@glasslewis.com
Disclaimer
© 2020 Glass, Lewis & Co., and/or its affiliates. All Rights Reserved.
This blog is for informational purposes only and is updated periodically to keep Glass Lewis' clients and other interested parties informed of current corporate governance developments and regulatory trends. The information contained herein should not be construed as legal or investment advice. Glass Lewis analyzes issues it believes may be of interest to its subscribers and makes recommendations as to how Glass Lewis believes institutional shareholders should approach such issues. While Glass Lewis may mention certain companies in its blog postings, Glass Lewis never comments on the investment merits of the securities issued by the subject companies. Therefore, none of the information posted through this blog should be construed as a recommendation to invest in, purchase, or sell any securities or other property. All recommendations stated herein must be construed solely as statements of opinion, and not as statements of fact, and may be revised based on additional information or any other reason at any time.
The information contained in each blog posting is based on publicly available information. While Glass Lewis exercises reasonable care to ensure that all information included in this blog is accurate and is obtained from sources believed to be reliable, no representations or warranties express or implied, are made as to the accuracy or completeness of any information included herein. In addition, Glass Lewis shall not be liable for any losses or damages arising from or in connection with the information contained herein or the use or inability to use any such information.
Glass Lewis expects readers of its blog possess sufficient experience and knowledge to make their own decisions entirely independent of any information contained in Glass Lewis’ blog postings. Subscribers are ultimately and solely responsible for making their own decisions. This blog is intended to serve as a complementary source of information and analysis for subscribers in making their own decisions and therefore should not be relied on by subscribers as the sole determinant in making decisions.
Glass Lewis RSS