Rickard Nilsson is Director of Stewardship at Glass, Lewis & Co. This post is based on his Glass Lewis memorandum.
Key Takeaways
- Respondents to Glass Lewis’ Stewardship Survey who use an external stewardship provider say they mostly do so as “capacity multipliers,” leveraging external resources and expertise to pursue common goals.
- Challenges faced by respondents overseeing outsourced engagement revolve around data-related issues, particularly collecting information from managers and normalizing the data and formats.
- When asked if ESG or anti-ESG positions influenced their stewardship priorities, respondents said the issue has not led to wholesale reprioritization, but is of marginal influence.
Communicating how investors structure, resource, and execute stewardship in an increasingly complex operating environment was the primary aim of this year’s Investment Stewardship Survey Report.1 This article summarizes some of the more forward-looking sentiments of respondents, specifically on their use of engagement-providers, their oversight of outsourced stewardship, and the implications of a diverging market landscape.
