Glass Lewis Considering SEC Registration

Glass Lewis, a prominent shareholder advisory firm, is contemplating registering as a U.S. investment advisor, a move that could subject them to more regulations but potentially alleviate criticism from corporate leaders and politicians. The firms Chief Strategy Officer, Cheryl Gustitus, revealed this possibility to Reuters, hinting at a shift in their approach to corporate governance. This decision comes amidst growing criticism from Republicans, particularly regarding their advice on executive compensation and environmental issues. Glass Lewis also plans to discontinue their standard proxy voting recommendations in 2027, offering clients more research options. The firm previously registered with the SEC but de-registered in 2005, indicating a significant change in their strategy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.