quote: Glass Lewis still recommends voting against directors when their boards don’t meet its “gender diversity” targets.
VanEck policy requires PMs to explain to the ETF board every time we override a Glass Lewis recommendation.
So I keep writing some version of: “We don’t discriminate based on gender.”
Good to see the proxy-advisor duopoly getting some scrutiny. | The SEC has issued an enforcement action against ISS (the co that controls half the proxy voting outsource mkt and is known to push ESG on corporations) for not complying w a subpoena and refusing to hand over documents etc.