Glass, Lewis & Co (Glass Lewis) and Institutional Shareholder Services (ISS) have both released updates to their Canadian proxy voting guidelines for the 2023 proxy season. The Glass.
Institutional Shareholder Services (ISS) and Glass Lewis, the leading proxy advisors in the United States, have announced updates and clarifications for their voting guidelines for the.
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Institutional Shareholder Services (ISS) and Glass, Lewis & Co. (Glass Lewis) have both released updates to their respective Canadian proxy voting guidelines for the 2021 proxy season. The ISS updates apply to shareholder meetings of publicly traded Canadian companies occurring on or after February 1, 2021, while the Glass Lewis updates apply to meetings that are held on or after January 1, 2021.
Recommendations from proxy advisory firms such as ISS and Glass Lewis can have a significant impact on the outcome of business conducted at shareholder meetings, especially if institutional investors comprise a significant portion of the company s shareholder base. Canadian public companies should review the updates with their legal counsel to determine the impact on disclosure and governance practices, and take steps to mitigate any potential adverse voting recommendations from ISS or Glass Lewis.
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Institutional Shareholder Services (ISS) and Glass, Lewis &
Co. (Glass Lewis) have both released updates to their respective
Canadian proxy voting guidelines for the 2021 proxy season. The ISS
updates apply to shareholder meetings of publicly traded Canadian
companies occurring on or after February 1, 2021, while the Glass
Lewis updates apply to meetings that are held on or after January
1, 2021.
Recommendations from proxy advisory firms such as ISS and Glass
Lewis can have a significant impact on the outcome of business
conducted at shareholder meetings, especially if institutional
To print this article, all you need is to be registered or login on Mondaq.com.
In line with a global push towards greater diversity and
inclusion in corporate leadership, Glass Lewis
recently
update policies with respect to board gender diversity and
board refreshment, among other things.
Glass Lewis will generally recommend voting against a chair of
a nominating committee where the board has less than two female
directors beginning in 2022, provided that the board has more than
six members. For boards with six or less members, only one female
member will be expected.
Glass Lewis will generally recommend voting against a chair of