Blog Article

Glass Lewis Submission on APRA’s Governance Review Discussion Paper
Glass Lewis recently provided a submission to the Australian Prudential Regulation Authority (APRA) in response to its Governance Review Discussion Paper.

Fuji Media & Keisei Electric Railway
Japanese companies continue to face heightened levels of shareholder activism.This week, investors have raised questions about board composition, governance practices and the financial/capital strategy at both Fuji Media and Keisei Electric Railway.

How Glass Lewis Helps Investors Meet the UN PRI Principles and Reporting Requirements
As the world’s largest responsible investing initiative, with over 5,000 investor signatories and €130 trillion in assets under management, the UN PRI reporting exercise (closing on July 30th) represents an important undertaking for investors globally. As a trusted partner to the global investment community, Glass Lewis provides solutions that help investors implement these principles — from voting research and custom engagement services to streamlined stewardship tracking and reporting.

Bridging the Gap: Integrating Proxy Voting and Engagement for Effective Stewardship
In the evolving landscape of investment stewardship, institutional investors are increasingly recognizing the need to harmonize proxy voting and corporate engagement. Historically treated as distinct activities, these disciplines are now seen as complementary levers that, when aligned, can enhance outcomes and long-term value.

China Tontine Wines Group Limited
Upheaval on the board has caused the organizational structure of China Tontine Wines to unravel, with resigned executives taking control of a number of subsidiaries on their way out.

Glass Lewis Letter to Senate Banking Committee Members
Glass Lewis is not a political organization and it has no agenda. Instead, we are committed to serving our clients and providing them with objective, reliable, and timely advice.

Shift4 Payments Inc.
With thousands of companies holding shareholder meetings during proxy season, it’s hard to know where to start. Glass Lewis’ Controversy Alert service can help, identifying the most crucial meetings globally and allowing investors to make better informed voting decisions with the latest information in hand.

Glass Lewis Response to TX SB 2337
As part of a campaign to attract companies to relocate to, incorporate in, and list on a new Texas-based exchange, the Texas legislature is rushing through a number of corporate governance measures.

GFL Environmental Inc.
With thousands of companies holding shareholder meetings during proxy season, it’s hard to know where to start.

Battle Scars on Boards: Gov Highlights from the Remuneration & Governance Forum
The 19th Annual Remuneration & Governance Forum, co-hosted by CGI Glass Lewis and Guerdon Associates, convened on the 18th of March 2025 in Sydney.

Skin in the Game: Rem Highlights from the Remuneration & Governance Forum
The 19th Annual Remuneration & Governance Forum, co-hosted by CGI Glass Lewis and Guerdon Associates, convened on the 18th of March 2025 in Sydney.

Premium Brands Holdings Corporation
By bundling two extremely different proposals into a single vote, Premium Brands Holdings Corporation is arguably disenfranchising not only shareholders but also the company itself – and exposing its board to potential scrutiny.

A Closer Look at the 2024 AGM Season in Australia
In 2023, the Australian market witnessed a surge in shareholder opposition to executive pay.

Unipol Gruppo S.p.A.
A €46 million termination payment to Unipol’s non-executive chair (who remains in the position) raises questions about excessive pay, inadequate disclosure, and the absence of any fixed severance agreements under the company’s remuneration policy.

The Resurgence of Executive Perquisites: Overview & Aircraft Costs
Compensation policies are adopted to align with a company’s culture, its business needs and strategies and market trends. An effective compensation program plays a pivotal role in attracting and retaining key talent without incurring unnecessary costs.

Next Vision Stabilized Systems Ltd.
Next Vision Stabilized Systems Ltd. appears to have “spring-loaded” an award of options by setting the exercise price just before announcing a record sale that prompted the company’s shares to jump

Controversy Alert Roundup: PostNL N.V.
Dutch mail-carrier PostNL has received criticism for requesting government assistance while also paying out a shareholder dividend. But with an “unsustainable” universal service obligation enshrined in law, and no legislative resolution on the horizon, it’s not clear what options the company has.

Controversy Alert Roundup, April 7 to April 11, 2025: Spotlight on Atacadão
With thousands of companies holding shareholder meetings during proxy season, it’s hard to know where to start

Explaining the Transatlantic Pay Gap
The past year has seen extensive discussion regarding the competitiveness of the UK capital markets, and in particular the influence of the ‘transatlantic pay gap’, which many view as limiting UK public companies’ ability to attract, retain and motivate executives.

The Glass Lewis Approach to Special Situations
In an era of frequent shareholder activism and shifting M&A dynamics, investors rely on rigorous independent analysis to make informed voting decisions with respect to a range of complex corporate situations.

German Shareholders Push Back on Virtual-Only AGMs
Shareholder meetings that take place early in the year are often a bellwether for the proxy season ahead...
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Australian Companies Face Significant Shareholder Opposition on Executive Pay
Australia’s 2024 annual general meeting (AGM) season continued to see significant shareholder dissent on remuneration reports
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Board Oversight of Cybersecurity Incidents
Technological advancements have improved the ways that companies collect, transfer, and process data within and between organizations
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Hong Kong Corporate Governance Enhancements and 2025 Proxy Season Outlook
In June 2024, the Hong Kong Exchanges and Clearing Limited (HKEX) issued a consultation paper seeking input on proposed amendments to its Corporate Governance Code and related listing rules

Decision Ready Data: One-Time Awards & CEO Succession
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

A Review of Director Commitments Policies, 2023 to 2024
In recent years, director commitments policies have become more prevalent at U.S.-based companies.

How to Choose Engagement Tracking Software
Most investors use spreadsheets or other office tools for engagement management and tracking. While this might offer a straightforward and flexible setup, it can prove challenging with e.g. data integrity, siloed data, and monitoring progress over time. In this blog, we explain why you need a dedicated stewardship platform and how to choose provider.

Case study: How to Implement a Net Zero Engagement Framework in Esgaia
In Esgaia, it’s possible to create custom engagement templates, to align data capture and monitoring with e.g. specific teams, asset classes, or topics. In this case study we demonstrate how to implement a net zero engagement framework in Esgaia, modeled against the Net Zero Investment Framework (NZIF).
Incorporating Natural Capital into Engagements
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Labor Rights: Engagement Trends and Shareholder Proposals
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

South Africa Introduces Binding Pay Votes and a 'Two-Strike' Rule for Directors
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Proxy Season 2024: Key Trends & Developments in the United States
Retrospective assessment of major developments and shareholder voting outcomes from the past proxy season.

Navigating South Korea's Corporate Value-Up Program
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

How to Effectively Track Engagements With Objectives Milestones and Interactions
Expectations are increasing on investors to better substantiate engagements, with results and outcomes tracked over time. Given how this complicates tracking and reporting efforts, investors’ system capabilities have come into the limelight, often viewed as falling short of needs with inadequate workflows and data structure. In this blog, we highlight how evolving expectations are changing investor practices, and how modern software like Esgaia can empower your teams to record and monitor engagement progress over time.

Proxy Season Global Briefing: Board of Directors
Retrospective assessment of major developments and shareholder voting outcomes from the past proxy season.

How Esgaia Empowers Improved Coordination Between Stewardship and Investment Teams
The responsibility for carrying out stewardship activities generally lies with the investment team, ESG/stewardship specialists, or a combination thereof. The modus operandi will depend on aspects such as the culture and size of the investor. Best practice would have you implement an integrated approach, with tight coordination and information sharing between teams. In this blog, we highlight dynamics and challenges in this collaboration, and solutions to effectively manage it.

Proxy Season Global Briefing: Executive Pay
Retrospective assessment of major developments and shareholder voting outcomes from the past proxy season.

How Esgaia Can Empower You to Save Time and Resources in Stewardship Reporting
Research suggests investors spend 20 % of stewardship resources on reporting, which makes it a significant undertaking for investors. Effective stewardship reporting is therefore important not only to ensure stakeholders understand how you influence your investees and broader sphere of influence, but also, more importantly, to free up time for actual engagement activities. In this blog, we highlight some of the challenges and explain how Esgaia can help you become more productive and save time in stewardship reporting.
What's Undermining the LTI? Insights from the Australian Market
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Glass Lewis Submits Response to HKEX Consultation on Governance Code Enhancements
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Proxy Season Global Briefing: Shareholder Rights & Corporate Governance
Retrospective assessment of major developments and shareholder voting outcomes from the past proxy season.

Shopify and the Problem of Shareholder Approval at Multi-Class Companies
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Avoiding Pitfalls in Peer Group Selection and Executive Pay Benchmarking
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Integrating Non-Financial Measures into Incentive Plans: Insights from the Australian Market
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

UN PRI Publishes Research on the Role of Proxy Advisors & Challenges in the AGM Voting Chain
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

60 Activities to Enhance Your Influence Across 10 Asset Classes
Public equity has been the asset class most associated with investment stewardship. Today, expectations are growing for investors to demonstrate stewardship across asset classes, each offering unique opportunities to influence and drive positive change. It is important investors understand what those levers are and when they can be utilised. This blog provides an extensive list of activities across different asset classes for actionable insights to enhance your investment stewardship.

Glass Lewis Submits Response to Euronext Consultation on the Introduction of an Irish Corporate Governance Code
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Glass Lewis Submits Response to NZX Consultation on Director Independence
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

UK FCA Consultation: Primary Markets Effectiveness Review
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

SRI Label 3.0: Stricter Rules for France's Socially Responsible Investments
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Controversy Alert Roundup Hankyu Hanshin Holdings
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Japan's 2024 Proxy Season: What to Watch For
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

The Expansion of ESG Beyond Proxy Voting
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Controversy Alert Roundup WarnerBros Discovery, Inc.
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Controversy Alert Roundup Publicis Groupe & Wipro Ltd
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Glass Lewis Submission to SGX RegCo Consultation on Shareholder-Requisitioned Meetings
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Controversy Alert Roundup Archer-Daniels-Midland
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Controversy Alert Roundup K+S AG
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Controversy Alert Roundup Axon Enterprise, Inc.
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Corporate Governance, Board Oversight & the 2023 Banking Crisis
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Controversy Alert Roundup Pilgrim's Pride Corporation
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Controversy Alert Roundup Olam Group Limited
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Controversy Alert Roundup Stellantis N.V.
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

UK's QCA Governance Code Updates Cover Remuneration Votes, Board Structure and E&S Issues
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Controversy Alert Roundup Rockwool A/S
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Why Are Accounting Errors on the Rise at U.S. Public Companies?
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Controversy Alert Roundup InMode Ltd.
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Navigating Pervasive Short-Termism and the Complexities of Shareholder Activism: Report from CGI Glass Lewis' Remuneration & Governance Forum
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Inflation Accounting Delays Reporting, Proxy Season in T rkiye
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Closed-Door Meetings in Italy Threaten to Silence Shareholders
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

SEC Rules Set New Baseline for Corporate Climate Disclosures
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Director Commitments Policies, Overboarding, and Board Refreshment
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Non-Financial Reporting Requirements in Switzerland
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Additional Proxy Vote Disclosure is Coming for the 2024 Proxy Season
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Italy's 'Capital Markets Bill' Raises Governance Concerns
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Uncapping UK Banker Pay
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

JetBlue/Spirit, Amazon/iRobot and the Changing Antitrust Risk Climate
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

9 Ways Investors Use Esgaia’s Platform to Meet Requirements in the Swiss Stewardship Code
In October, the Swiss Stewardship Code was launched. Across nine principles, the new code provides the Swiss asset management industry with guidance on responsible investment stewardship and how actors should engage with companies and other entities to encourage sustainable development and long-term value creation. This blog post discusses its core principles and how Esgaia's platform can help investors meet requirements.

French Responsible Investment Label ISR Receives More Stringent Stewardship Criteria
Created in 2016, the ISR label has become a major tool for sustainable finance in France, with nearly 1,200 certified funds. With the strong evolution in responsible investing, the new framework is better adapted to the challenges facing investors as they navigate social and environmental transitions.

OpenAI and the Value of Governance
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

2023 Equity Proposal Trends in the U.S. and Canada
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Gulf Exchanges Encourage ESG Disclosures for GCC Listed Companies
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Compulsory Say on Climate Provision Removed from French Legislation
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Top 5 Cybersecurity Questions Boards Should Consider
Clear and concise overviews of Glass Lewis governance solutions and research offerings.

K-ESG Disclosures in South Korea: Overview and Future Outlook
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

How to Avoid Greenwashing in Your Investment Stewardship
Responsible investing is transitioning into a more regulated arena. Such transitionary phases offer opportunities to reshape expectations and practices but also challenges for market participants to stay competitive and compliant. In this blog, we outline six best practices to mitigate and avoid greenwashing in investment stewardship.

The UAW Strike, Climate Change, and the Just Transition
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Glass Lewis Submission to FRC Consultation on UK Corporate Governance Code
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

The SEC's New Cybersecurity Regulations: What Investors and Shareholders Should Know
Clear and concise overviews of Glass Lewis governance solutions and research offerings.

Case Study: Öhman Fonder’s Engagement With W-Scope: The Data Management Perspective
Öhman Fonder actively engages with companies on various ESG matters. The asset manager’s engagement is directed toward companies that fulfill one or more of four key requirements:

Hong Kong: The End of Class Safeguards for H Shareholders
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

New Brazilian Corporate Governance Best Practices Code: What to Expect?
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Thai Scandals Prompt Regulatory Reforms
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

China's Independent Director System Faces Reforms
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

New SEC Cybersecurity Regulations: Understanding the Impact for Companies & Their Shareholders
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Proxy Season 2023: Updated UK Capital Authority Guidance in Action
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

Glass Lewis Testimony to House Financial Services Committee
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

State Treasurers Group: Glass Lewis Response Letter
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.

A Step-by-Step Guide to Investment Stewardship and Engagement Tracking
Optimising your engagement process requires spending time and resources on both workflow and system capabilities. Follow this guide for insights on how to operationalize the process around recording, monitoring and reporting. And who knows, you might just end up avoiding suboptimal use of resources and improving your stewardship overall!

Gender Diversity in Korea: Glass Lewis Special Report
Timely and relevant perspectives on corporate governance, investor stewardship, and regulatory changes.