The Report Feedback Statement (“RFS”) allows companies, shareholder proponents, dissident shareholders and parties to an M&A transaction to directly express their differences, agreements and unfiltered opinions on Glass Lewis’ research and recommendations. Each RFS is included with Glass Lewis’ research and delivered to the voting decision makers at every investor client.
All sides alike are eligible to participate and will provide their RFS directly to Glass Lewis’ research and engagement team, which will in turn attach each RFS to the relevant research report. Each report is then automatically distributed to all Glass Lewis clients through its research and voting platforms.
Investors are notified immediately when an RFS is available and can access the RFS directly from the front page of each report to quickly inform their voting decisions. These investors represent $35 trillion in AUM and more than 3,000 individual voting decision makers.
Once a report includes an RFS, that will be the only version of the research report available from Glass Lewis, with prior versions removed from distribution. Any clients that have already downloaded an earlier version of the research report will receive an email with the updated research report that includes the RFS.