Capital Markets & Securities Law Watch

On March 4, 2025, the proxy advisory firm Glass, Lewis & Co. (Glass Lewis) stated in an email to its clients that it will continue to consider the diversity of a company’s board of directors when making voting recommendations with respect to the election or re-election of directors of U.S. companies.

There is still time to submit responses to Glass Lewis’s 2024 Policy Survey, which the proxy advisor uses to gauge investor and other stakeholder interests and market sentiment. Since Glass Lewis selects the questions, the policy survey also indicates the advisor’s areas of policy focus. In this blog post, we identify a few highlights from the Executive Compensation portion of the survey we think practitioners should be tracking.

On July 22, 2020, the Securities and Exchange Commission (SEC) adopted amendments to its rules governing proxy solicitations and issued new supplemental guidance on proxy voting responsibilities for investment advisers.

On November 5, 2019, the SEC announced proposed amendments to its proxy solicitation rules to require additional disclosure about “material conflicts of interest that proxy voting advice businesses provide their clients” in an attempt to “help ensure that proxy voting advise used by investors and others who vote on investors’ behalf is accurate, transparent, and materially complete.”