The Advisors' Blog

– Lynn Jokela

Now that Glass Lewis has made the switch to CGLytics for pay-for-performance modeling, as Liz blogged in December, Glass Lewis peer groups are changing.  As explained in this F.W. Cook blog, historically, Glass Lewis relied on Equilar’s peer of peers approach.  Now, Glass Lewis will incorporate 8 different factors when assessing the appropriateness of a single peer.  Glass Lewis says the change in methodology to select peers will result in less overlap between a company’s self-disclosed peers and the peers that Glass Lewis will use to evaluate pay-for-performance.

Importantly, Glass Lewis allows companies to submit their compensation peer group directly to Glass Lewis and the deadline to submit your peer group to Glass Lewis is the end of this month if you file your proxy statement anytime between now and July 31, 2020.  Here’s a Q&A from Glass Lewis about the peer group change that includes a link to submit your peer group to Glass Lewis.