Both Glass Lewis and Institutional Shareholder Services (ISS) told their clients that adopting the proposal’s recommendations would be a positive step for Thomson Reuters from a business perspective.
Glass Lewis and ISS “play a very influential role in the shareholder advocacy world,” said Michael Connor, executive director of Open Mic, a nonprofit focused on corporate accountability in tech and media, adding that one of those endorsements can swing up to 20 percent of the vote in some cases.
Both organizations backed the successful shareholder effort to place environmental advocates on Exxon Mobil’s board.