GLASS LEWIS PROXY VOTING GUIDELINES: 2019 UPDATES
In its latest Proxy Update, Morrow Sodali reviews the changes to Glass Lewis’ Proxy Voting Guidelines for 2019, which will go into effect for meetings on or after January 1, 2019.
Glass Lewis has added several new guidelines and updated or codified others. Of note, in 2019 Glass Lewis’ board gender diversity policy will go into effect and Glass Lewis will generally recommend Against directors at companies that do not have at least one female director. Glass Lewis has also added guidelines on several executive compensation issues that could impact the firm’s recommendations on say-on-pay and compensation committee members.
Overall, these policy updates increase the focus on ESG, diversity and compensation matters; and it will be important that companies understand how these policy changes could impact voting at their shareholder meetings in 2019.
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