Tag Archives: Steven Haas

Proxy Advisory Firm Issues Guidance on Cyber Oversight and Disclosure

by Steven Haas

Photo of author

Steven Haas (photo courtesy of author)

Glass Lewis & Co. recently published its updated Benchmark Policy Guidelines for 2024 (the “Policy”), which reflect investors’ continuing focus on corporate disclosure and board oversight of cyber risks. The Policy indicates that Glass Lewis may recommend “against” directors following a cybersecurity incident if it finds the board’s risk oversight or its post-incident response to be insufficient. The Policy also provides guidance on what Glass Lewis expects companies to disclose after such an incident.  

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