Notably, proxy advisor Glass Lewis specifically called out E&S risk oversight in its 2021 ESG Voting Guidelines. The key voting policy updates are summarized below. MONTREAL, June 04, 2021 (GLOBE NEWSWIRE) â Dynacor Gold Mines Inc. (TSX: DNG/OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce that Institutional Shareholder Services Inc. (âISSâ) and Glass Lewis and Co., LLC (âGlass Lewisâ), both leading independent proxy advisory firms that provide voting recommendations to institutional investors, have recommended ⦠Announces Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Shareholders Vote FOR ⦠The ISS updates will apply for shareholder meetings held on or after February 1, 2020, and the Glass Lewis updates will apply for shareholder meetings held on or after January 1, 2020. T. Rowe Priceâs proxy voting process, policies, and voting records. ISS and Glass Lewis both state that the proposed arrangement is in the best interest of Fortuna and Roxgold shareholdersThe deadline to vote is prior to 9:00 a.m. Pacific time on June 24, 2021 ⦠PROXY VOTING GUIDELINES Our proxy voting guidelines are both principles-based and rules-based. Leading Independent Proxy Advisory Firms, ISS and Glass Lewis, Recommend Shareholders Vote FOR the Proposed Aphria and Tilray Business Combination Published: April 5, 2021 at 7:30 a.m. SANDER A.J.R. We assess each proxy proposal in light of these principles. Executive Compensation; Contractual Payments and Arrangements Diversity On November 24, 2020 Glass Lewis released its annual policy updates for the upcoming proxy year. 2021 Proxy Voting and Engagement Guidelines1 1 This Summary of Material Changes to State Street Global Advisorsâ 2021 Proxy Voting and Engagement Guidelines is also applicable to SSGA Funds Management, Inc. SSGA Funds Management, Inc. is an SEC-reg-istered investment adviser. Vote AGAINST Auditor, Pay, all directors except Mantas. ET Comments On November 12, 2020, proxy advisory firm Institutional Shareholder Services Inc. (ISS) announced updates to its proxy voting guidelines for the 2021 proxy season, applicable to shareholder meetings on or after February 1, 2021. Following the publication by Institutional Shareholder Services (ISS) of its updated guidelines earlier this month, Glass Lewis (GL) has updated its Canadian proxy voting guidelines for the 2021 proxy season. Whether and how to regulate proxy advisory firms, such as ISS and Glass Lewis, has long been a contentious issue, with some arguing that their vote recommendations were plagued by conflicts of interest and often erroneous, while others saw no reason for regulation given that the clients of these firms were ⦠Updated 2019 Glass Lewis policies take effect for meetings that occur on or after this date. B2Gold Annual General & Special Meeting: 29.05.2021 - Shareholder Proxy Voting Deadline is Monday, June 7, 2021 at 10:00 a.m. (Toronto time) Shareholder Questions or Require Voting ⦠ISS and Glass Lewis are two leading independent, third party proxy advisory firms who, among other services, provide proxy-voting recommendations to ⦠ISS and Glass Lewis are two leading independent, third party proxy advisory firms who, among other services, provide proxy-voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders. The following is a summary of Glass Lewisâ proposed changes and updates for 2020. 1's four board nominees in a proxy ⦠They generally issue vote recommendations a few weeks before each US companyâs annual meeting on the proposals submitted by management and also, if any, by shareholders. (November 12, 2020) â Institutional Shareholder Services Inc. (ISS), the leading provider of end-to-end governance and responsible investment solutions to the global financial community, today released updates to its 2021 ISS benchmark proxy voting policies. For the 2015 proxy season, Glass Lewis has noted six policy changes which are highlighted in the report. This summary reviews the major updates to the U.S. guidelines, which provides a detailed overview of the key policies Glass Lewis applies when making voting recommendations on proposals at U.S. companies and on environmental, social and governance initiatives. 3. Favourable ISS and Glass Lewis Recommendations . Below is a summary of these changes as they apply directly to the Canadian market. Favourable ISS and Glass Lewis Recommendations . Please submit your vote well in advance of the proxy voting deadline at 10:00 a.m. (Eastern Daylight Time) on June 15, 2021. Glass Lewis helps institutional investors make voting decisions by researching governance, business, legal, political and accounting risks. April 16, 2021, 10:13 AM EDT Updated on April 16, 2021, 5:34 PM EDT Proxy firms urge vote against GE executive compensation plan Pushback comes ⦠Institutional Shareholder Services Inc. (ISS) and Glass, Lewis & Co. (Glass Lewis) have both released updates to their proxy voting guidelines. âNow Taiwan is the first market in the world where the central securities depository helps ensure that companies have timely access to Glass Lewisâ Proxy Paper research reports.â Glass Lewis currently has approximately 37% of the market for proxy advisory services. Proxy Voting Guidelines â February 2021 2 Table of contents ... RBC GAM subscribes to the research of both ISS and Glass, Lewis & Co . Data from proxy advisors serve as one of many inputs into our research process. Proxy advisory firms Institutional Shareholder Services (ISS) and Glass, Lewis & Co. (Glass Lewis) recently published updated guidelines governing shareholder meetings for the 2021 proxy ⦠Shareholder Priorities. Glass Lewis has not adopted a voting policy with respect to board racial and ethnic diversity, but in the 2021 proxy season will begin providing an assessment of proxy statement disclosure regarding board diversity, skills, and the director nomination process for S&P 500 companies. Free Practical Law trial To access this resource, sign up for a free trial of Practical Law. Tuesday, April 13, 2021. Also beginning in 2021, Glass Lewis will generally recommend voting against the audit committee chair if the audit committee did not meet at least four times during the preceding year. December 24, 2020. Favourable ISS and Glass Lewis Recommendations. 6. Beginning in 2021, they will also recommend withholding votes for a governance committee chair when the number of audit committee meetings that took place in the most recent year are not disclosed. Proxy advisory firm Glass, Lewis & Co. LLC (âGlass Lewisâ) has just published a new 45 page report which provides an overview to the Glass Lewis approach to advising its institutional investor clients regarding proxy matters. Glass Lewis. On November 11, 2019, Institutional Shareholder Services, Inc. (âISSâ) published its proxy voting guidelines updates1 (the â2020 Updatesâ) for the 2020 proxy season, effective for meetings on or after February 1, 2020. Conclusion. Egan-Jones Proxy Services recommends against 1B) JAMES L. CAMAREN, 1C) KENNETH B. DUNN, 1H) JAMES L. ROBO, AND 1I) RUDY E. SCHUPP. On November 24, 2020, Glass Lewis released its updated proxy voting guidelines for 2021. In reaching its conclusion, ISS noted: âThe strategic rationale appears sound as the proposed transaction will improve the scale and footprint of the combined entity. â PLEASE VOTE TODAY. As mentioned above under Board Composition, Glass Lewis states in its 2021 Proxy Paper Guidelines that it will generally recommend a vote against a nomination committee chair at any FTSE 350 company that has failed to meet the Hampton-Alexander board gender diversity target, and at any other main market company that has failed to ensure the board is not solely one ⦠T. Rowe Price has retained Institutional Shareholder Services (âISSâ), an expert in the proxy voting and corporate governance area, to provide proxy advisory and voting services. ISS and Glass Lewis are leading independent proxy advisory firms that provide voting recommendations to institutional shareholders. Similar analyses of robovoting during the 2021 and 2022 proxy seasons should further illuminate the ruleâs impact. Leading Independent Proxy Advisory Firms, ISS and Glass Lewis, Recommend Shareholders Vote FOR the Proposed Aphria and Tilray Business Combination Published: April 5, 2021 at 7:30 a.m. We adhere to a core set of principles that are described in this Policy. Beginning with the upcoming 2021 proxy season, James McRitchie, May 26, 2021 , Biogen 2021 annual meeting is June 2, 6 AM Pacific Time. ISS and Glass Lewis are two leading independent, third party proxy advisory firms who, among other services, provide proxy-voting recommendations to ⦠In April 2019, Glass, Lewis & Co controversially did not recuse itself from issuing voting recommendations in a proxy contest at Knight Therapeutics, a Canadian company. Glass Lewis, the influential proxy adviser, has sought to limit regulatory and corporate pressure by offering companies on which it makes judgments the right to reply. Glass Lewis ViewPoint - Web Disclosure Search. Your vote is ⦠Robo, as Chairman of the Board (and CEO, in this case), should be held responsible for inadequate cybersecurity. Nextera Energy 2021: Board Proposals 1. Glass Lewis, like other proxy advisory firms, reviews proposals to be voted ⦠How to vote. Due to the essence of time, vote via the internet or by phone following the instructions found on your form of proxy or voting instruction form. Glass Lewis has expanded its policy on gender diversity such that it will generally recommend against the chair of the nominating committee at companies with fewer than two female directors, beginning with meetings held after January 1, 2022. Compensation Policies and the COVID-19 Pandemic â Frequently Asked Questionsâ (FAQs) to help companies impacted by the pandemic consider and disclose pay actions.Reflecting two of the Appendix I: Zurich proxy voting guidelines 31.3.2021 5 Appendix I: Zurich proxy voting guidelines Zurichâs voting guidelines are adapted from Glass Lewisâ continental European policy, available here. In addition to a number of clarifying amendments, GLâs updates relate to policies on board gender diversity, board skills and refreshment, environmental and social (E&S) risk ⦠Beginning with the upcoming 2021 proxy season,Glass Lewis For boards with six or fewer total members, its existing voting policy requiring a minimum of one female director will remain in place⦠ROCKVILLE, Md. We adhere to a core set of principles that are described in this Policy. Owen Walker. ISS and Glass Lewis disagree over a plan by Italian broadcaster Mediaset (MS.MI) to move the company's legal base to the Netherlands, proxy adviser documents seen by Reuters showed. We assess each proxy proposal in light of these principles. The following is a summary of Glass Lewisâ proposed changes and updates for 2020. 2021 Proxy Voting Policy Guidelines The following 2021 voting guidelines are a detailed overview of the key policies we apply in each of these markets. Both Glass Lewis and ISS recommend that MYM shareholders vote in favour of the resolution to be voted on at the special meeting of shareholders to be held on July 5, 2021. The full text of Glass Lewisâ 2021 proxy voting policy guidelines can be found here; and the full text of all other global regions can be found here. Proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recently announced updates to their proxy voting guidelines for the 2021 proxy season. Directors. IM Cannabis Proposed Acquisition of MYM Receives Positive Recommendations from Proxy Advisory Firms Glass Lewis and ISS. Favourable ISS and Glass Lewis Recommendations . The following is a summary of Glass Lewisâ proposed changes and updates for 2020. The increases in criminal penalties take effect on a date to be appointed. Last year the SEC issued a rule requiring more disclosure from proxy advisors & provided additional guidance to investment managers curtail the practice of proxy advisors voting the proxies ⦠BlackRock Proxy voting guidelines for U.S. securities | 3 These guidelines should be read in conjunction with the BlackRock Investment Stewardship Global Principles. The proxy voting deadline is 11:00 a.m. (Toronto time) on Friday, March 19, 2021. SEC to reconsider rules and guidance regarding proxy advisory firms. 3. In addition to the aforementioned guidelines, Zurich requires proxy voting to ⦠Our proxy voting âlitmus testâ will always be what we view as most likely to maximize long-term shareholder value. The proxy voting deadline is 4:00 p.m. (Eastern time) on Monday April 12, 2021 Glass Lewis's updated guidelines are available through its policy page, and a press release can be found on the Glass Lewis blog. These efforts are detailed in our Annual Stewardship Report. March 2021 North America (United States & Canada) Proxy Voting and Engagement Guidelines State Street Global Advisorsâ North America Proxy Voting and Engagement Guidelines1 outline our expectations of companies listed on stock exchanges in the US and Canada. Proxy advisory firms Institutional Shareholder Services (ISS) and Glass, Lewis & Co. (Glass Lewis) recently published updated guidelines governing shareholder meetings for the 2021 proxy season. 1 These updates reflect institutional investorsâ increased focus on board diversity and refreshment, as well as environmental, social and governance matters. Following on similar measures published in recent years by large institutional shareholders and the new law passed in California, gender diversity is sure to be a hot topic on corporate boards in 2019. With the upcoming 2021 proxy season fast approaching, both issuers and investors should be aware of changes and developments in several areas of corporate governance and securities law. Introduction We believe BlackRock has a responsibility to monitor and provide feedback to companies, in ⦠Proxy adviser Glass Lewis has urged SoftBank Group Corp shareholders to oppose the election of corporate lawyer Ken Siegel to the board of directors due to ⦠2/2. I recommend voting in advance. (Reuters) -Advisory firm Glass Lewis recommended on Monday that Exxon Mobil (NYSE: XOM) shareholders elect two of hedge fund Engine No. While Glass Lewis will not be making voting recommendations solely on this basis in 2021, it will inform its assessment of a company's overall governance and may be a contributing factor in recommendations when additional board-related concerns have been identified. In conducting our analysis, we review each company and proposal on a case-by-case basis, considering the companyâs performance, industry, stock exchange, place of incorporation and other Occasionally, LGS may vote against our proxy advisors' recommendations when we believe significant ESG issues may impact our investment portfolio. The 2021 Glass Lewis Guidelines are available here and the 2021 Glass Lewis Guidelines on Environmental, Social & Governance Initiatives are available here. On November 12, 2020, ISS released updates to its proxy voting guidelines for shareholder meetings held on or after February 1, 2021. On November 24, 2020, Glass Lewis published updates to its proxy voting guidance for annual shareholder meetings to be held after January 1, 2021. LEAMINGTON, ON, April 5, 2021 /PRNewswire/ - Aphria Inc. ("Aphria") (Nasdaq: APHA), a leading global cannabis-lifestyle consumer packaged goods company, is pleased to announce that both Institutional Shareholder Services Inc. ("ISS") and Glass Lewis and Co., LLC ("Glass Lewis") have recommended that holders (the "Shareholders") of common shares (the "Shares") of Aphria vote FOR ⦠A week after Glass Lewis issued its 2020 proxy voting guidelines, Institutional Shareholder Services (ISS) released its final updates to its 2020 proxy voting policies. Below is a summary of these changes as they apply directly to the Canadian market. Guidelines. Glass Lewis recently released its 2020 proxy voting guidelines and shareholder initiatives. And they dominate the market. If such a client is an ERISA plan, the advisory agreement must expressly preclude Artisan Partners from voting. Both ISS and Glass Lewis expect the COVID-19 pandemic to impact governance issues through the 2020 and 2021 proxy seasons and underscore that company disclosure will be critical in evaluating actions taken in response to the pandemic . Announces Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Shareholders Vote FOR the Proposed Aphria-Tilray Business Combination Institutional Shareholder Services Inc. (ISS) and Glass, Lewis & Co. (Glass Lewis) have both released updates to their proxy voting guidelines. Montreal, June 4, 2021 â Dynacor Gold Mines Inc. (TSX: DNG/OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce that Institutional Shareholder Services Inc. (âISSâ) and Glass Lewis and Co., LLC (âGlass Lewisâ), both leading independent proxy advisory firms that provide voting recommendations ⦠The following is a summary of Glass Lewisâ proposed changes and updates for 2020. Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Shareholders of QMX Gold Corporation Vote FOR its March 11, 2021⦠VOTING POLICY UPDATES FOR THE 2021 PROXY SEASON The two largest proxy advisory firms in the U.S., Institutional Shareholder Services Inc. (âISSâ) and Glass, Lewis & Co. (âGlass Lewisâ), have released their updated proxy voting guidelines. These services include custom vote recommendations, research, vote execution, and reporting. âTaiwan commits to enhancing transparency of proxy recommendations, which would benefit both companies and investorsâ, said TDCC chairman Sherman Lin. The updated proxy voting guidelines primarily concern board composition, governance matters, environmental and social issues, and compensation issues. 6; Director Biographies. How to vote. ISS will evaluate new shareholder proposals received by U.S. companies and make any necessary updates to its proxy voting guidelines for 2019. Glass, Lewis & Co. recommends shareholders vote in favor of most of the proposals when they gather at annual meetings in coming weeks; Institutional Shareholder Services advises voting against. Tilray Shareholders who held Shares as of the March 12, 2021 record date are eligible to vote those Shares at the April 16, 2021 Tilray special meeting. Under the oversight of our Investment Stewardship Committee, our team works to protect and enhance shareholder value through engagements, proxy voting, and advocacy efforts. ISS, founded in 1985, is believed to account for about 61% of the proxy advisory market, and together with its rival Glass Lewis, tends to hold sway over roughly 20% of shareholder votes ⦠Voting is easy. A big takeaway from the 2019 ISS and Glass Lewis voting guideline updates is the focus on gender diversity on the board of directors. provide for increased scrutiny of the level of professional expertise on audit committees, which should have at least one member with experience as a certified public accountant, chief financial officer or corporate controller of similar experience, or demonstrably meaningful experience overseeing such functions as senior executive officers. esis that ISS and Glass Lewis inï¬uence votes, especially when their customers perform less due diligence. Printer-Friendly Version. The board of directors unanimously recommends that QMX Shareholders vote FOR the Arrangement. 8. Glass Lewis sets out position on shareholder climate votes. Glass Lewis opposes lawyer election to SoftBank board ... (Reuters) â Proxy adviser Glass Lewis has urged SoftBank Group Corp shareholders to oppose the election of corporate lawyer Ken Siegel to the board of directors due to his professional ties with the Japanese conglomerate. In its 2021 Proxy Paper Guidelines, published in January 2021, Glass Lewis acknowledges the likelihood of meetings having limited in-person attendance in 2021 and notes its expectation that company disclosures should confirm: While the SEC has not yet provided new guidance for the 2021 proxy season, Glass Lewis on January 14, 2021, issued updated guidance for hybrid/virtual stockholder meetings. GLâs new guidelines reflect the continuing market demand for increased representation of women on boards. A big takeaway from the 2019 ISS and Glass Lewis voting guideline updates is the focus on gender diversity on the board of directors. On November 24, 2020 Glass Lewis released its annual policy updates for the upcoming proxy year. 1 This Alert briefly summarizes the more significant changes to each firmâs policies for the 2020 proxy season. 8. ISS and Glass Lewis Update Voting Guidelines for 2021 Proxy Season. On November 23, Glass Lewis issued its Proxy Voting Policy Guidelines for 2021. Beginning in 2021, Glass Lewisâ reports on S&P 500 companies will assess company disclosure in its proxy statement relating to board diversity, skills and director nomination process, including: (1) a boardâs current percentage of racial/ethnic diversity; (2) whether a boardâs definition of diversity explicitly includes gender and/or race/ethnicity; (3) whether a board has adopted a policy ⦠In its stead, on July 22, 2020, the SEC adopted a set of principle-based rules for Proxy Firms, as described in this alert. Stewardship at Dimensional is a global effort supported by many groups and departments. Following on similar measures published in recent years by large institutional shareholders and the new law passed in California, gender diversity is sure to be a hot topic on corporate boards in 2019. The proxy voting deadline is 10:00 a.m. (Montréal time) on May 12, 2021 Tarsadia Capital, LLC together with its affiliates, associates and funds it manages ("Tarsadia"), today announced that leading proxy advisor Glass, Lewis & Co. ("Glass Lewis") has issued an updated report to shareholders of Extended Stay America, Inc. (NASDAQ: STAY) ("STAY" or the "Company") and continues to recommend that shareholders vote AGAINST the Company's ⦠Glass Lewis recently released its 2020 proxy voting guidelines and shareholder initiatives. In the United States, the major proxy advisory firms are ISS and Glass Lewis. Noteworthy changes focus on board diversity and refreshment, board oversight responsibilities relating to environmental, social and governance issues, special purpose acquisition companies and executive compensation topics. In its new guidance, Glass Lewis said it âexpects all governance issues and most proposal types to be impacted by the pandemicâ and that it will exercise its existing âdiscretion and pragmatism to prioritize timing, certainty, disclosure, and voting on any affected proposals.âGlass Lewis said itâs likely that this will continue to be the case through 2021. In its new guidance, Glass Lewis said it âexpects all governance issues and most proposal types to be impacted by the pandemicâ and that it will exercise its existing âdiscretion and pragmatism to prioritize timing, certainty, disclosure, and voting on any affected proposals.âGlass Lewis said itâs likely that this will continue to be the case through 2021.
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