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Glass Lewis

Organization

One of the two major proxy advisory firms that influence shareholder votes. Elon Musk referred to them as 'corporate terrorists' for their role in opposing his pay package and promoting DEI/ESG initiatives.


First Mentioned

10/25/2025, 12:39:49 AM

Last Updated

10/25/2025, 12:41:49 AM

Research Retrieved

10/25/2025, 12:41:49 AM

Summary

Glass Lewis & Co., commonly known as Glass Lewis, is a prominent American proxy advisory firm established in 2003 and headquartered in San Francisco. It provides essential research and recommendations to institutional investors for shareholder votes, operating a digital platform for vote management and reporting. As of spring 2019, Glass Lewis held a significant 28% share of the proxy advisory market for mutual funds, positioning it as the second-largest player behind Institutional Shareholder Services and giving it substantial influence over corporate governance. The firm has expanded its global footprint through strategic acquisitions, including Sydney-based Corporate Governance International in 2006, Washington Analysis in 2008, and Germany's IVOX GmbH in 2015. Until March 2021, Glass Lewis was owned by the Ontario Teachers' Pension Plan and the Alberta Investment Management Corp., after which it was acquired by private equity firm Peloton Capital Management and entrepreneur Stephen Smith. Glass Lewis has faced criticism regarding its influence on corporate governance, notably from figures like Elon Musk, particularly concerning executive compensation packages.

Referenced in 1 Document
Research Data
Extracted Attributes
  • Type

    Proxy advisory services company

  • Founded

    2003-01-01

  • Coverage

    30,000+ meetings annually across approximately 100 global markets

  • Headquarters

    San Francisco, USA

  • Global Offices

    New York, Washington DC, Kansas City, Ireland, Germany, Australia, Toronto, London, Limerick, Karlsruhe, Paris, Sydney, Tokyo

  • Primary Services

    Research and recommendations for shareholder votes, digital platform for vote management and reporting

  • Market Share (Spring 2019)

    28% of proxy advisory market for mutual funds

  • Number of Investors Globally

    1300+

  • Assets Under Management (Clients)

    Over $40 trillion

  • Number of Corporate Issuer Clients

    2300+

Timeline
  • Glass Lewis is founded. (Source: Wikipedia, Wikidata)

    2003-01-01

  • Acquired Sydney-based proxy advisory firm Corporate Governance International, which subsequently became known as CGI Glass Lewis. (Source: Wikipedia)

    2006-09-01

  • Acquired Washington Analysis, a political and economic advisory firm based in Washington, D.C. (Source: Wikipedia)

    2008-11-01

  • Acquired IVOX GmbH, Germany's leading independent provider of proxy advisory and governance services for institutional investors. (Source: Wikipedia)

    2015-06-01

  • Controlled 28% of the proxy advisory market for mutual funds, making it the second-largest company in the market. (Source: Wikipedia)

    2019-03-01

  • Acquired by Peloton Capital Management and financial services entrepreneur Stephen Smith from the Ontario Teachers' Pension Plan and the Alberta Investment Management Corp. (Source: Wikipedia)

    2021-03-01

  • Plans to drop its unified 'house view' of voting recommendations to offer clients tailored 'perspectives'. (Source: Web Search (The Conference Board))

    2027-01-01

  • Faced criticism from Elon Musk regarding its influence on corporate governance, specifically concerning his pay package. (Source: Related Documents, Reuters)

    XXXX-XX-XX

Glass Lewis

Glass, Lewis & Co. (Glass Lewis) is a major American proxy advisory services company. As of spring 2019, Glass Lewis controlled 28% of the proxy advisory market for mutual funds; this makes it the second-largest company in the market behind Institutional Shareholder Services. The primary services provided by Glass Lewis are research and recommendations for shareholder votes by institutional investors, including a digital platform for managing these votes and reporting. A large fraction of those investors follow the recommendations of Glass Lewis in lockstep, giving it outsize importance and impact on governance across the corporate sphere. Founded in 2003, Glass Lewis is headquartered in San Francisco and has offices in New York, Washington DC, Kansas City, Ireland, Germany, and Australia. In September 2006, Glass Lewis acquired Sydney-based proxy advisory firm Corporate Governance International which then became known as CGI Glass Lewis. In November 2008, Glass Lewis acquired Washington Analysis, a political and economic advisory firm based in Washington, D.C. Founded in 1973 and rated among the Best Analysts of the Year by Institutional Investor magazine, Washington Analysis anticipates and analyzes the impact of political, legislative and regulatory developments on the financial markets. In June 2015, Glass Lewis acquired IVOX GmbH, Germany's leading independent provider of proxy advisory and governance services for institutional investors. Until March 2021, Glass Lewis was owned by the Ontario Teachers' Pension Plan, and the Alberta Investment Management Corp. In March 2021, Peloton Capital Management, a private equity firm, and Stephen Smith, a financial services entrepreneur, acquired Glass Lewis from Ontario Teachers' Pension Plan and the Alberta Investment Management Corp.

Web Search Results
  • Glass Lewis

    Glass, Lewis & Co. (Glass Lewis) is a major American proxy advisory services company. As of spring 2019, Glass Lewis controlled 28% of the proxy advisory market for mutual funds; this makes it the second-largest company in the market behind Institutional Shareholder Services. The primary services provided by Glass Lewis are research and recommendations for shareholder votes by institutional investors, including a digital platform for managing these votes and reporting. A large fraction of those [...] In September 2006, Glass Lewis acquired Sydney-based proxy advisory firm Corporate Governance International which then became known as CGI Glass Lewis. In November 2008, Glass Lewis acquired Washington Analysis"), a political and economic advisory firm based in Washington, D.C. Founded in 1973 and rated among the Best Analysts of the Year by Institutional Investor magazine, Washington Analysis anticipates and analyzes the impact of political, legislative and regulatory developments on the [...] Founded in 2003, Glass Lewis is headquartered in San Francisco and has offices in New York, Washington DC, Kansas City, Ireland, Germany, and Australia.

  • Glass, Lewis & Co.

    Glass Lewis is the world’s choice for governance solutions. We enable institutional investors and publicly listed companies to make sustainable decisions based on research and data. We cover 30,000+ meetings each year, across approximately 100 global markets. Our team has been providing in-depth analysis of companies since 2003, relying solely on publicly available information to inform its policies, research, and voting recommendations. Our customers include the majority of the world’s largest [...] #ArtificialIntelligence #CorporateDisclosures #ProxyVoting #Governance [Likes: 1, Comments: 0]; Glass, Lewis & Co. (2d Edited): 🌍 For institutional investors, stewardship expectations are shifting towards integrated strategies and more transparent outcomes. Glass Lewis brings together 𝗲𝗻𝗴𝗮𝗴𝗲𝗺𝗲𝗻𝘁, 𝘃𝗼𝘁𝗶𝗻𝗴, 𝘁𝗿𝗮𝗰𝗸𝗶𝗻𝗴, 𝗮𝗻𝗱 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 to help investors unlock more effective stewardship to: ✅ Strengthen stewardship oversight ✅ Scale efforts and optimize workflows ✅ Improve stakeholder reporting ▶️ Watch [...] pension plans, mutual funds, and asset managers, collectively managing over $40 trillion in assets. We have teams located across the United States, Europe, and Asia-Pacific giving us global reach with a local perspective on the important governance issues. Investors around the world depend on Glass Lewis’ Viewpoint platform to manage their proxy voting, policy implementation, recordkeeping, and reporting. Our industry leading Proxy Paper product provides comprehensive environmental, social, and

  • Glass, Lewis & Co. | Independent Research & Proxy Advisory ...

    Founded in 2003, Glass Lewis operates globally with offices in North America, Europe, and Asia Pacific, including locations in San Francisco, Toronto, London, Limerick, Karlsruhe, Paris, Sydney and Tokyo. Our innovative solutions support governance and stewardship efforts worldwide. Learn More About Us 1300+ Investors Globally: Leveraging Proxy Paper research and custom policy recommendations. 2300+ Corporate Issuer Clients: Engaging on material governance and disclosure practices. $40 T [...] This article provides an overview of notable findings from Glass Lewis’ annual policy survey of investors, corporate issuers and other market participants, on topics at the center of the recent governance, stewardship and regulatory conversations.### Policy Survey Shows a Shifting Stewardship Landscape, and Diverging Investor Views Across Regions [...] Blog Article Learn MoreLearn More ### Glass Lewis Launches Inaugural Investor Stewardship Survey To capture investor perspectives and share meaningful insights with market stakeholders, Glass Lewis is conducting its inaugural Investor Stewardship Survey.### Glass Lewis Launches Inaugural Investor Stewardship Survey To capture investor perspectives and share meaningful insights with market stakeholders, Glass Lewis is conducting its inaugural Investor Stewardship Survey. Blog Article

  • Proxy firm Glass Lewis joins ISS in urging vote against ...

    Skip to main content # Proxy firm Glass Lewis joins ISS in urging vote against Musk's $1 trillion pay package By Reuters Companies Glass, Lewis & Co., Llc PROXY, a.s. Tesla Inc Oct 20 (Reuters) - Proxy firm Glass Lewis has recommended that Tesla (TSLA.O), opens new tab shareholders vote against the proposed $1 trillion pay package for CEO Elon Musk, days after ISS also urged investors to reject what might be the largest-ever compensation plan awarded to a company chief. [...] Glass Lewis said the potential decrease in shareholder value and details of the proposed payment terms "warrant significant concern." The recommendations by Glass Lewis and ISS "attempt to override the mandate our shareholders delivered to Elon and ignore the staggering financial results delivered under Elon's leadership, elevating their rigid policies over shareholder value," Tesla said in a post on X.

  • What Glass Lewis's Policy Shift Means for Corporate ...

    Glass Lewis, one of the two dominant proxy advisory firms alongside ISS, recently announced it will drop its unified “house view” of voting recommendations by 2027 to offer clients tailored voting “perspectives.” Ultimately, this move away from a single advisory standard will give companies more room to define their governance story and strengthen investor relationships on their own terms. [...] Glass Lewis, one of the two dominant proxy advisory firms alongside ISS, recently announced it will drop its unified “house view” of voting recommendations by 2027 to offer clients tailored voting “perspectives.” Ultimately, this move away from a single advisory standard will give companies more room to define their governance story and strengthen investor relationships on their own terms.

Glass, Lewis & Co. (Glass Lewis) is a major American proxy advisory services company. As of spring 2019, Glass Lewis controlled 28% of the proxy advisory market for mutual funds; this makes it the second-largest company in the market behind Institutional Shareholder Services. The primary service Glass Lewis provides is research and recommendations for shareholder votes by institutional investors, including a digital platform for managing these votes and reporting. A large fraction of those investors follow the recommendations of Glass Lewis in lockstep, giving it outsize importance and impact on governance across the corporate sphere. Founded in 2003, Glass Lewis is headquartered in San Francisco and has offices in New York, Washington DC, Kansas City, Ireland, Germany, and Australia. In September 2006, Glass Lewis acquired Sydney-based proxy advisory firm Corporate Governance International which then became known as CGI Glass Lewis. In November 2008, Glass Lewis acquired , a political and economic advisory firm based in Washington, D.C. Founded in 1973 and rated among the Best Analysts of the Year by Institutional Investor magazine, Washington Analysis anticipates and analyzes the impact of political, legislative and regulatory developments on the financial markets. In June 2015, Glass Lewis acquired IVOX GmbH, Germany's leading independent provider of proxy advisory and governance services for institutional investors. Until March 2021, Glass Lewis was owned by the Ontario Teachers' Pension Plan, and the Alberta Investment Management Corp. In March 2021, Peloton Capital Management, a private equity firm, and Stephen Smith, a financial services entrepreneur, acquired Glass Lewis from Ontario Teachers' Pension Plan and the Alberta Investment Management Corp.

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