Glass Lewis, one of the two large proxy advisory firms to institutional investors, announced earlier this month that it would no longer employ standardized “benchmark” voting policies, but instead customize policies on a client-by-client basis. It explained the shift by citing “[r]apid advances in technology, especially AI, that are enabling highly customized approaches to voting,” and “[d]iverging investor priorities that are driving differences in approaches to fiduciary duty, engagement…
By: Proskauer – Regulatory & Compliance
By: Proskauer – Regulatory & Compliance
