Glass Lewis Ends Single-View Investor Voting Guidance

Glass Lewis & Co. is ending its decades-long practice of providing benchmark recommendations for shareholder votes. The firm has been the subject of criticism from Republican leaders for supporting pro-environmental, social and governance issues.

Starting with the 2027 annual shareholder season, Glass Lewis will no longer give a “house view” on how investors should vote, according to a paper released by the firm. Instead, the firm will offer its 1,300-plus clients — who oversee a combined $40 trillion — options, including voting with the company, focusing on governance or sustainability, or they can make their own choices.