What Glass Lewis’s Policy Shift Means for Corporate Governance
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Shareholder Voting

What Glass Lewis’s Policy Shift Means for Corporate Governance

/ Quick Take

Glass Lewis, one of the two dominant proxy advisory firms alongside ISS, recently announced it will drop its unified “house view” of voting recommendations by 2027 to offer clients tailored voting “perspectives.” Ultimately, this move away from a single advisory standard will give companies more room to define their governance story and strengthen investor relationships on their own terms.

Glass Lewis, one of the two dominant proxy advisory firms alongside ISS, recently announced it will drop its unified “house view” of voting recommendations by 2027 to offer clients tailored voting “perspectives.” Ultimately, this move away from a single advisory standard will give companies more room to define their governance story and strengthen investor relationships on their own terms.
 

Proxy advisor recommendations can significantly influence shareholder voting trends and outcomes at US public companies

Average say-on-pay vote result after ISS “for” or “against” recommendation, Russell 3000, 2021–2025

say-on-pay-ISS

Source: 2025 Say on Pay + Proxy Vote Results, Semler Brossy, June 2025; figure by The Conference Board

Trusted Insights for What’s Ahead®

Proxy advisory firms have long shaped outcomes on board elections, execut

Author

Andrew Jones, PhD

Andrew Jones, PhD Andrew Jones, PhD

Principal Researcher, Governance & Sustainability …
The Conference Board

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