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ARTICLE · 11 DECEMBER 2017

Glass Lewis Releases 2018 Canadian Proxy Voting Guidelines

Goodmans LLP
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Proxy advisor Glass, Lewis & Co. recently released its 2018 Canadian Guidelines to Proxy Advice.

CanadaCorporate/Commercial Law
Tara Hunt
Tara Hunt
Chris Sunstrum
Chris Sunstrum
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Summary

Proxy advisor Glass, Lewis & Co. recently released its 2018 Canadian Guidelines to Proxy Advice. With a few exceptions, these policy guidelines will apply to shareholder meetings beginning in January 2018. The new and amended policies address a number of issues that are at the forefront of the Canadian corporate governance landscape.

Gender Diversity Policy

Similar to Institutional Shareholder Services (ISS) (see our November 20 Update, ISS Releases Final 2018 Voting Policy Updates for Canada), Glass Lewis is implementing a voting policy that targets board gender diversity. However, the Glass Lewis policy will not take effect until the 2019 proxy season (in 2018, Glass Lewis will consider gender diversity as one factor in its overall review of companies' corporate governance practices).

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