Glass Lewis Signs United Nations' Principles for Responsible Investment

SAN FRANCISCO, July 31 /PRNewswire/ -- Glass, Lewis & Co., LLC, a leading
independent proxy advisory and investment research firm, announced today that
it has signed the Principles for Responsible Investment (PRI), a United
Nations initiative. The PRI provide a framework for the growing view among
investment professionals that environmental, social and corporate governance
(ESG) issues can affect investment performance and investors therefore have a
fiduciary duty to give appropriate consideration to these issues. As a
signatory to the PRI, Glass Lewis continues to demonstrate its growing
commitment to research on issues surrounding Socially Responsible Investing
(SRI).
The PRI initiative began in early 2005 when the United Nations
Secretary-General, Kofi Annan, invited a group of the world's 20 largest
institutional investors from 12 countries to join a process to develop the
Principles for Responsible Investment (PRI). The principles that resulted are
defined as follows:
1. We will incorporate ESG issues into investment analysis and
decision-making processes.
2. We will be active owners and incorporate ESG issues into our ownership
policies and practices.
3. We will promote acceptance and implementation of the Principles within
the investment industry.
4. We will work together to enhance our effectiveness in implementing the
Principles.
5. We will each report on our activities and progress towards
implementing the Principles.
The principles serve as a best practice framework for organizations and
the basis for investor collaboration. A common framework helps institutions
benchmark their progress and encourages the exchange of experience and
knowledge.
"Glass Lewis is honored to have joined the other esteemed signatories of
this initiative," commented Katherine Rabin, Chief Executive Officer of Glass
Lewis. "Socially responsible investing increasingly plays a role in the
decision making processes of our institutional investor clients, and we
continue to broaden the scope of our research on ESG issues. The PRI
initiative is another step toward expanding Glass Lewis' expertise on matters
relevant to investors."
About Glass Lewis
Glass, Lewis & Co. is a leading investment research and global proxy
advisory and voting services firm, serving institutions that collectively
manage more than $15 trillion. Glass Lewis helps institutional investors make
more informed investment and proxy voting decisions by identifying business,
legal, governance and financial statement risk at more than 16,000 companies
worldwide. Founded in 2003, Glass Lewis is headquartered in San Francisco with
offices in New York, London, Tokyo, Sydney and Denver.
SOURCE Glass, Lewis & Co., LLC

Bayley Diamond of Glass, Lewis & Co., LLC, +1-415-738-4115,
bdiamond@glasslewis.com