Glass Lewis and CGLytics Establish Global Partnership to Provide Unmatched Compensation Data and Analytics
Glass Lewis integrates CGLytics data set and analytical tools for
its proxy vote recommendations and custom policy offerings
SAN FRANCISCO & AMSTERDAM & LONDON–(BUSINESS WIRE)–#corporategovernance–Glass Lewis, the world’s leading independent provider of governance and
engagement support services, and CGLytics, a leading provider of
governance data and analytics globally, today announced an expansion of
their strategic partnership. CGLytics will serve as the global provider
of compensation datasets and analytics to Glass Lewis, with an initial
focus on North American, Australian and European markets.
Building on the success of the firms’ existing European partnership,
Glass Lewis will now utilize CGLytics’ extensive compensation data in
its proxy research and voting recommendations on executive compensation
and Say on Pay, and integrate the same data into the proxy voting
policies of institutional investors via its vote management solution,
Viewpoint.
Glass Lewis’ Say on Pay analysis will now also be available via
CGLytics’ proprietary platform, giving investors, issuers, advisors and
board members the exact same data, tools and insights Glass Lewis uses
to review and model CEO and executive compensation plans, and prepare
for engagements with all stakeholders. Combining Glass Lewis’
proprietary policies and methodologies and CGLytics’ extensive data and
analytical tools, the two companies will give all market participants
unprecedented transparency and access into Glass Lewis’ compensation
analysis that was not widely available and is needed for successful
governance and stewardship in the modern digital age.
“CGLytics’ software and dataset enables the Glass Lewis global research
team to establish a robust and consistent data source for our analysts
to use in developing our unparalleled analysis and recommendations on
compensation matters,” said Katherine Rabin, CEO of Glass Lewis. “Not
only will this benefit our investor clients, who rely on us to provide
them in-depth research and accurately implement their custom policies,
but also the corporate issuers that directly purchase our Proxy Paper
reports as an important part of their preparation to engage with
shareholders.”
“We are thrilled to be extending our partnership with Glass Lewis,
especially at a critical moment when corporations and investors are
facing increasing demands from multiple parties for greater transparency
and socially responsible and sustainable pay practices – all of which
are essential to upholding good modern governance,” commented Aniel
Mahabier, CEO of CGLytics. “By partnering with Glass Lewis, we will be
able to provide corporations and their investors with an unmatched
solution to evaluate compensation practices. The extensive toolset and
enhanced access to Glass Lewis’ proprietary methodology will help
companies and investors effectively connect their analysis, engagement
and decision-making, resulting in improved stewardship and shareholder
engagement.”
About Glass Lewis
Glass Lewis, the leading independent provider of global governance and
engagement support services, helps institutional investors understand
and connect with companies they invest in. Glass Lewis is a trusted ally
of more than 1,300 investors globally who use its high-quality, unbiased
Proxy Paper research and industry-leading Viewpoint proxy vote
management solution to drive value across all their governance
activities.
About CGLytics
CGLytics is transforming the way corporate governance decisions are
made. Combining the broadest corporate governance dataset, with the most
comprehensive analytics tools, CGLytics empowers corporations, investors
and professional services to instantly perform a governance health check
and make better informed decisions. From unique Pay for Performance
analytics and peer comparison tools, to board effectiveness insights,
companies and investors have access to the most comprehensive source of
governance information at their fingertips – powering the insights
required for good modern governance.
Find out more at www.cglytics.com/glass-lewis/.
Contacts
For CGLytics
Rob Alport
+31 (0) 20 416 0662
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