Glass Lewis Is Adapting to Buyer Wants

These pages have usually criticized proxy advisers, who present analysis to institutional buyers on voting choices. However the market has modified dramatically lately: Traders and corporations are adjusting to diverging nationwide approaches to fiduciary responsibility. As the brand new CEO of Glass Lewis, I just lately introduced revisions to our enterprise mannequin to adapt to this actuality. Your editorial “The Proxy Flight From ESG” (Nov. 18) suggests I used to be merely “studying politics within the room.” That isn’t fairly proper.

As ever, I’m targeted on our purchasers and on main within the quickly evolving international marketplace for company governance. The recommendation institutional buyers want is altering, usually based mostly on their firm-specific preferences and objectives, and so our position is evolving too. We’re dedicated to making sure our purchasers obtain a mannequin that respects their totally different priorities. Glass Lewis is thus updating its house-recommendation strategy and pursuing further initiatives to construct belief out there in a minimum of 3 ways.