Glass Lewis Is Adapting to Customer Needs

These pages have often criticized proxy advisers, who provide research to institutional investors on voting decisions, But the market has changed dramatically in recent years: Investors and companies are adjusting to diverging national approaches to fiduciary duty.

- BOB MANN

As the new CEO of Glass Lewis, I recently announced revisions to our business model to adapt to this reality. Your editorial “The Proxy Flight From ESG” (Nov. 18) suggests I was simply “reading politics in the room.” That isn’t quite right.