Glass Lewis, world’s leading independent provider of governance and engagement support services, and CGLytics, a top provider of governance data and analytics globally, have announced an expansion of their strategic partnership.
According to the two firms, under the new arrangement, 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.
To build 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.
The firms in a joint statement further clarified that 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.
Speaking on the partnership expansion, Katherine Rabin, chief executive officer of Glass Lewis, noted, “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.”
“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.”
His CGLytics counterpart, Aniel Mahabier, said, “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.”
“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.”