Glass Lewis Issues Updates to 2023 Policy Guidelines
By David Yang, James Lutz, Andrew Platt
In mid-November, Glass Lewis (“GL”) released its policy updates for shareholder meetings held after January 1, 2023. Updates and clarifications to the United States and ESG Initiatives policy guidelines that impact GL’s evaluation of proposals related to Say-on-Pay, re-election of Compensation Committee members, and other compensation-related items are summarized below. Copies of Glass Lewis’s full policy guidelines for 2023 can be found at Glass Lewis Voting Policies.
David Yang has advised numerous public and privately-held companies on all aspects of executive and board compensation. His experience covers a wide range of industries, including healthcare, financial services, retail, consumer products, transportation, and technology among others. He is a frequent speaker on executive compensation topics and a regular author of the firm’s alert letters.
James Lutz works with a variety of clients, with prior in-house compensation experience in the financial services industry. He provides a range of consulting services, including director compensation analysis, benchmarking and annual and long-term incentive program design.
Andrew Platt works with public and private companies across a variety of industries to design and assess executive compensation programs. He has strong experience in post-M&A pay design, executive transitions, and turnaround situations.