Glass Lewis, a prominent advisory firm, has announced it will discontinue its benchmark voting recommendations on proxy issues. This decision comes in response to criticism regarding its approach to diversity and environmental criteria. Instead of a one-size-fits-all recommendation, Glass Lewis plans to provide multiple perspectives, allowing clients to make more informed decisions. This shift is significant as it reflects the growing demand for nuanced approaches to corporate governance and social responsibility.

Glass Lewis has announced it will cease providing recommendations for shareholder votes, a decision influenced by growing criticism surrounding its approach to environmental, social, and governance (ESG) issues. This move is significant as it reflects the increasing scrutiny on how advisory firms influence corporate governance and the broader implications for shareholder engagement in ESG matters.