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Policy Updates for Brazil in 2023 – ISS and Glass Lewis

Proxy advisors, Institutional Shareholder Services (ISS) and Glass Lewis, recently released their 2023 proxy voting policy updates for the Americas region. Consistent with the approach taken in other global markets, there is an increased emphasis on board accountability and greater willingness to oppose director elections for perceived failures in ESG risk oversight.

Below we summarize key policy updates specific to the Brazilian market…

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Etelvina has been in the field of corporate governance since 2003 and has worked with issuers and institutional investors in the U.S. and several international markets.

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