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ARTICLE · 24 JANUARY 2023

Governance: Glass Lewis And ISS 2023 Policy Updates

Hogan Lovells Cadwalader
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Proxy advisory firms Glass Lewis and Institutional Shareholder Services (ISS) have published their updated U.S. voting guidelines for 2023, with Glass Lewis additionally releasing its 2023 policy guidelines...

United StatesEnvironment
Sara Bussiere
Sara Bussiere
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Proxy advisory firms Glass Lewis and Institutional Shareholder Services (ISS) have published their updated U.S. voting guidelines for 2023, with Glass Lewis additionally releasing its 2023 policy guidelines for ESG initiatives. These updates arrived just ahead of a letter from 21 Republican state attorneys general to Glass Lewis and ISS accusing the firms of potential breaches of their legal and contractual duties due to their advocacy of net zero emissions goals and climate-related risks disclosure, among other ESG-related guidelines. We will provide more analysis of this letter in our January 24, 2023 edition of Cadwalader Climate.

The updates to ISS's benchmark voting policies will apply to shareholder meetings held on or after February 1, 2023 and the updates to Glass Lewis's guidance came into force on January 1, 2023. Glass Lewis's U.S. guidelines contain several important updates, including on board oversight of and accountability for environmental and

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