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.