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ARTICLE · 05 NOVEMBER 2025

Glass Lewis Announces Changes To Its Voting Recommendations Beginning In 2027

Mayer Brown
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On October 14, 2025, Glass Lewis, a leading proxy advisor,1 announced that it will no longer make its "standard" benchmark voting recommendations broadly available to the market as of 2027.

GlobalCorporate/Commercial Law
Rodolfo Constantino De Tella
Rodolfo Constantino De Tella
Anna T. Pinedo
Anna T. Pinedo
Alexandra (Ali) Perry
Alexandra (Ali) Perry
Natália Carvalho Minotto
Natália Carvalho Minotto
Camilla Hehnes
Camilla Hehnes
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On October 14, 2025, Glass Lewis, a leading proxy advisor,1 announced that it will no longer make its "standard" benchmark voting recommendations broadly available to the market as of 2027. Instead, the company will provide a set of customized voting policy options to its institutional clients. Under this new model, Glass Lewis will offer multiple perspectives that reflect the views of its clients.

According to Glass Lewis, the decision was driven by the growing divergence between the approaches taken by US and European investors on matters such as fiduciary duties and sustainability. In a statement to Reuters, the firm also acknowledged that the move is, indirectly, a response to criticism from the US business community and Congressional leaders, noting that "the entire geopolitical environment is tied into this decision."

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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