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Going Beyond: Policy Updates

Glass Lewis Proposed Policy Updates for 2023: United States

Glass Lewis has released its 2023 policy updates for U.S. companies, which take effect for annual meetings beginning on Jan. 1, 2023. The U.S. guideline revisions pertain to board diversity, board oversight of environmental and social (E&S) matters, over boarding and long-term incentives, as well as some clarifying amendments. Glass Lewis has also crafted new policies on board oversight of cyber risk, board accountability for climate change and corporate officer exculpation.

Alliance Advisors will continue to review and publish executive summaries on most of Glass Lewis’ 2023 policies as they become available. Furthermore, Alliance’s highly experienced traditional Governance and ESG analytics professionals can provide guidance and expertise needed to enhance the shareholder engagement process, maximize policy support and underwrite successful resolution advisory support such as board composition and competency reviews, executive and board remuneration structure evaluation, as well as ESG and sustainability strategy assessment and corresponding disclosure.

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Shirley Westcott is Senior Vice President in the Proxy Solicitation Group at Alliance Advisors since 2011 where she advises public companies on their corporate governance practices and issues of concern to shareholders. She has worked in the field of corporate…

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