cross-referenced news and research resources about
Glass Lewis & Co.
Glass, Lewis & Co. is one of two prominent proxy advisory services in the world, the other being MSCI/Institutional Shareholder Services ("ISS"). Glass Lewis provides governance research, proxy analysis and vote management services to institutional investors globally that collectively manage more than $15 trillion in assets, including Putnam Funds, Wellington Management Company and the Australian Council for Superannuation Investors (“ACSI”).
Since its founding in 2003, Glass Lewis has grown in size to nearly 300 employees in six offices on three continents. Its head office is in San Francisco, California.
In September 2006, Glass Lewis acquired Sydney-based proxy advisory firm Corporate Governance International, which then became known as CGI Glass Lewis. In November 2008, Glass Lewis acquired Washington Analysis, a political and economic advisory firm based in Washington, D.C. Founded in 1973 and rated among the Best Analysts of the Year by Institutional Investor magazine, Washington Analysis anticipates and analyzes the impact of political, legislative and regulatory developments on the financial markets. The firm’s senior analysts focus on defense, energy, financial services, healthcare, media and telecommunications, as well as geopolitics and political economics, including fiscal, monetary and trade policy.
Glass Lewis is currently owned by the Ontario Teachers' Pension Plan, which acquired Glass Lewis from Xinhua Finance in October 2007 for US$46 million, amid a fraud scandal surrounding former Xinhua Finance Chief, Loretta Fredy Bush, after Xinhua Finance had itself acquired Glass Lewis in January of that year.
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updated Thu. September 5, 2024
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Retail Gazette (blog)
February 21, 2018
Another prominent investment advisory firm has muscled in on the Tesco-Booker merger, recommending Booker shareholders reject the deal. Glass Lewis issued a note to investors today warning against Tesco's proposed ã3.7 billion takeover, ahead of the shareholder vote a week today. In order for theà...
TheStreet.com
February 17, 2018
In addition to ISS, shareholders are awaiting a recommendation from Glass Lewis, the other major investment advisory firm, which should be revealed shortly. Recommended for you: Rite Aid Surges After Report Says Albertsons Will Buy Part of Drug Store Chain ÷ Working Longer Works Better Than Savingà...
TheStreet.com
February 13, 2018
ISS and Glass Lewis are expected to provide investors later this month with influential recommendations about whether to back Broadcom's slate of director nominees. A reduced slate could be help Broadcom convince ISS or Glass Lewis to back the hostile bid. The person noted that Broadcom, whichÃÂ ...
Lexology
February 8, 2018
Environmental social governance has grown increasingly important to institutional investors, securities regulators, ISS and Glass Lewis and has been the subject of shareholder proposals. Increasing disclosure of board-shareholder engagement in proxy circulars with over 70 percent of TSX60 issuersÃÂ ...
Business Today
February 8, 2018
protecting the interests of pensioners. The law gives pension funds the power to vote responsibly on resolutions of investee companies. Since the funds found it difficult to track hundreds of companies, proxy advisory firms started mushrooming. ISS was founded in 1985, Proxy Monitor came in 1989, and Glass Lewis in 2003ÃÂ ...
Junior Mining Network
January 27, 2018
Vancouver, British Columbia--(Newsfile Corp. - January 27, 2018) - East Asia Minerals Corporation (TSXV: EAS) ("East Asia Minerals" or the "Company") is pleased to announce that Glass Lewis & Co ("Glass Lewis") supports the election of management's nominees for the board of directors who is currently in place.
Financial Post
January 17, 2018
This season promises to be no different, in part because the two proxy advisory firms — Institutional Shareholder Services Inc. and Glass Lewis & Co. — have recently published their proxy voting guidelines. The views of those firms have grown in significance to their audience, the institutional investors.
Lexology
January 16, 2018
As an early step in preparing for the upcoming proxy season, issuers should familiarize themselves with the Canadian proxy voting guidelines recently published by Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. (Glass Lewis). This bulletin addresses certain of the updated topicsÃÂ ...
New York Times
December 31, 1999
Qualcomm on Tuesday increased its takeover bid for rival chip maker NXP Semiconductors to about $44 billion in hopes of shoring up support for the deal, and to potentially fend off its own unwanted suitor, Broadcom. Under the new terms, Qualcomm would pay $127.50 for each NXP share, 16 percentÃÂ ...
The San Diego Union-Tribune
December 31, 1999
Glass Lewis is expected to make recommendations soon. Qualcomm's technologies power cellular connections in most smartphones, and the company has been embroiled in a hostile takeover battle with rival chip maker Broadcom since November. Broadcom originally nominated 11 candidates toÃÂ ...
The Australian
February 16, 2017
CGI Glass Lewis has told its clients that the dissident shareholders led by Ms Cameron had not provided "sufficient market information, or compelling evidence" that a wholesale change in the board was warranted.
The Australian
February 16, 2017
CGI Glass Lewis has told its clients that the dissident shareholders led by Ms Cameron had not provided "sufficient market information, or compelling evidence" that a wholesale change in the board was warranted.
StreetInsider.com
February 14, 2017
Their credibility has been further chipped away with ALL three of the leading proxy advisory firms - ISS, Glass Lewis, and Egan Jones - unanimously recommending AGAINST the current Board, and with major stockholder OrbiMed Advisors publiclyÃÂ ...
The Independent Republic
February 13, 2017
... Inc., (IMMU) issued the statement in advance of the election of directors to Immunomedics' Board of Directors at the Company's Annual Meeting of Stockholders and in response to reports by Institutional Shareholder Services ("ISS") and Glass Lewis:.
Seneca Globe
February 13, 2017
The overwhelming support we have received to date including the endorsement of ISS, Glass Lewis and Egan Jones shows this Board lacks the credibility and proficiency to lead the Company and make critical decisions on behalf of its stockholders.
Yahoo Finance
February 13, 2017
Each of Institutional Shareholder Services (ISS), Glass, Lewis & Co. and Egan-Jones Proxy Services has recommended that CPPL unitholders vote "FOR" the proposal to approve the Merger Agreement.
The Australian Financial Review
February 12, 2017
... pay generally while CEO pay for property and healthcare companies continues to grow to reflect their position as the new captains of industry," said Daniel Smith, general manager of proxy firm CGI Glass Lewis, who prepared the research for salary ...
StockNewsUnion
February 12, 2017
The fact that all three proxy advisory firms - ISS, Glass Lewis, and Egan Jones - recommended for our full slate of four nominees, as well as the market's unenthusiastic reaction to this deal, further demonstrates that this is the case.
The Australian Financial Review
February 12, 2017
Year-on-year comparisons for total remuneration are provided for CEOs who have held the role for two consecutive annual reporting periods.
Lexpert, a Thomson Reuters Business
February 12, 2017
As the proxy season starts up, stakeholders should also be aware of the 2017 voting guidelines released by proxy advisors Institutional Shareholder Services (ISS) and Glass Lewis. "The one that sticks out most has to do with director overboarding ...
Telegraph.co.uk
February 11, 2017
Instead, they simply follow the advice they receive from the big investor advisory firms, such as Glass Lewis and Institutional Shareholder Services.
The Independent Republic
February 9, 2017
... Inc., (IMMU) issued the statement in advance of the election of directors to Immunomedics' Board of Directors at the Company's Annual Meeting of Stockholders and in response to reports by Institutional Shareholder Services ("ISS") and Glass Lewis:.
Lexology (registration)
February 9, 2017
Glass Lewis & Co. ("Glass Lewis") and Institutional Shareholder Services ("ISS"), two companies that advise institutional investors on how to vote at shareholder meetings of publicly traded companies, have each released updates to their Canadian ...
Lexology (registration)
February 9, 2017
As an early step in preparing for the upcoming proxy season, issuers should familiarize themselves with the Canadian proxy voting guidelines recently published by Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. (Glass Lewis).
Seneca Globe
February 8, 2017
venBio Select Advisor LLC, the beneficial owner of approximately 10.5 million shares, or 9.9%, of Immunomedics, Inc. (IMMU) and its largest stockholder, reported that Glass Lewis & Co., a leading independent proxy advisory firm, has recommended thatÃÂ ...
Lexpert, a Thomson Reuters Business
February 7, 2017
As the proxy season starts up, stakeholders should also be aware of the 2017 voting guidelines released by proxy advisors Institutional Shareholder Services (ISS) and Glass Lewis. "The one that sticks out most has to do with director overboarding ...
Mondaq News Alerts (registration)
February 2, 2017
Both financial advisors issued fairness opinions and Institutional Shareholder Services and Glass Lewis & Co. recommended that shareholders vote in favor of the transaction.
MetroWest Daily News
February 2, 2017
Sevcon Inc., of Southborough, announced that Glass Lewis, an adviser on proxy voting matters, has recommended that Sevcon stockholders vote for all the board's proposals at the upcoming annual meeting, including for the proposed amendment to theÃÂ ...
Money News
January 31, 2017
("Glass Lewis"), by voting FOR the projected transaction with Exxon Mobil Corporation (XOM) in connection with the forthcoming Special Meeting planned for February 14, 2017.
Nasdaq
January 31, 2017
At the time asset managers were facing claims they outsourced too many voting decisions to proxy advisory firms like ISS and Glass Lewis. JPMorgan boss Jamie Dimon, who had faced investor backlash over a $6 billion trading loss and how muchÃÂ ...
Consultancy.uk
January 30, 2017
Prior to joining FTI Consulting, Peter Reilly worked as a Lead Analyst in the Northern Europe practice at Glass Lewis & Co, a provider of governance and proxy services.
Money News
January 30, 2017
("Glass Lewis"), by voting FOR the projected transaction with Exxon Mobil Corporation (XOM) in connection with the forthcoming Special Meeting planned for February 14, 2017.
KC Register
January 30, 2017
Sevcon, Inc. (NASDAQ:SEV) announced that Glass Lewis, a respected advisor on proxy voting matters, has recommended that Sevcon stockholders vote FOR all the Board of Directors' proposals at the upcoming annual meeting, including FOR the proposedÃÂ ...
Yahoo Finance
January 29, 2017
("Glass Lewis"), by voting FOR the proposed transaction with Exxon Mobil Corporation (XOM) in connection with the upcoming Special Meeting scheduled for February 14, 2017.
Business News
January 27, 2017
In September 2015, CGI Glass Lewis, one of two most prominent proxy advisory services in the world (the other being Institutional Shareholder Services), published a white paper "Executive incentives: motivate me?
The National Law Review
January 27, 2017
... perhaps signaling a proxy access trend that could generate additional activity in 2017. Also included in this quarter's publication is a high-level summary of Institutional Shareholder Services Inc. and Glass Lewis' updated 2017 proxy voting ...
inUth.com
January 27, 2017
With Alice in Wonderland and Through Looking Glass, Lewis Carroll stirred a colorful universe of imagination and creativity.
Herald Scotland
January 25, 2017
A CORPORATE governance watchdog has urged shareholders to vote against the remuneration report of Aberdeen Asset Management, branding the variable pay awarded to chief executive Martin Gilbert as "excessive". Recommending that shareholdersÃÂ ...
Irish Times
January 23, 2017
Meanwhile, a third advisory firm, Glass Lewis, viewed the new executive share incentive plan as "broadly positive", as it introduces a two-year holding period before the company hand the shares over.
Corriere della Sera
January 19, 2017
Non a caso, i 'proxy advisors' internazionali piu' importanti, Glass Lewis e ISS, hanno rilevato l'assenza di giustificazioni per questa proposta di delibera, invitando a votare contro la stessa". Anzi, "e' proprio la promozione di un'azione di ...
Breakingviews
January 19, 2017
Glass Lewis, a proxy advisory firm, had recommended shareholders vote against the proposal, saying that Hitachi had not provided "sufficient rationale" for the proposal.
Lexology (registration)
January 18, 2017
Institutional Shareholder Services (ISS) and Glass Lewis continue to impact how Israeli companies that are listed in the United States approach their annual and special shareholder meetings.
ValueWalk
January 18, 2017
Proxy Insight analyzed voting on Advisory Say on Pay ("SoP") resolutions in the US and UK in 2015 and 2016 for 10 of the largest institutional investors and compared each vote to the recommendations from ISS and Glass Lewis. While voting by top ...
The Fiscal Times
January 17, 2017
Dimon famously clashed with ISS and its rival Glass Lewis in 2015 after the advisers recommended votes against his own pay and backed an independent chairman.
Business Insider
January 17, 2017
Dimon famously clashed with ISS and its rival Glass Lewis in 2015 after the advisers recommended votes against his own pay and backed an independent chairman.
Lexology (registration)
January 16, 2017
It should also be noted that the guidelines published by both ISS and Glass Lewis recommend that shareholders vote against Rights Plans that require offers to remain open for more than 105 days which may inform shareholders voting against such a ...
Junior Mining Network
January 16, 2017
In addition, the Glass Lewis report notes: "the proposed arrangement is expected to result in greater scale, financial strength and an improved capital markets profile compared to the standalone SRC, provides existing SRC shareholders with exposure to ...
City A.M.
January 15, 2017
While the Institutional Voting Information Service (IVIS) has issued an amber warning, advisory service Glass Lewis will support the plan.
Bloomberg BNA
January 13, 2017
Executive compensation experts shared with Bloomberg BNA their insight regarding the 2017 proxy voting guidelines issued by Institutional Shareholder Services (ISS) and Glass Lewis. The experts generally characterized the updates as modest, but advisedÃÂ ...
The Australian Financial Review
January 12, 2017
"Boards should game out the different scenarios of an unfolding scandal and answer the tough questions about what they would do in those scenarios," said Daniel Smith, general manager at proxy group CGI Glass Lewis, adding boards also needed toÃÂ ...
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