SEC/CORPORATE -

Glass Lewis Releases 2020 US Proxy Paper Guidelines -

On November 1, Glass Lewis released its 2020 US Proxy Paper Guidelines. The updates to the voting guidelines primarily add additional factors that Glass Lewis will review when evaluating proposals and issuing its voting recommendation for shareholders. According to Glass Lewis, the updates seek to fulfill Glass Lewis’ overarching goal of protecting and enhancing shareholders’ interests by (1) continuing to increase transparency at the board level, both with respect to the selection of board members and with respect to decisions the board undertakes, and (2) discouraging companies from undertaking actions that would bypass the shareholders’ ability to vote on matters deemed important by Glass Lewis. Significant updates to the voting guidelines are summarized below.