Glass Lewis Announces Agreement With PGI

SAN FRANCISCO, Dec. 20, 2010 /PRNewswire/ -- Glass, Lewis & Co., LLC, a leading, independent governance analysis and proxy voting firm, today announced it has entered into an agreement with PROXY Governance, Inc. ("PGI") to provide proxy voting and advisory services to PGI's clients.

"Over the past eight years, Glass Lewis has dedicated itself to supporting the evolving governance needs of institutional investors worldwide, investing significantly in growing our research, technology and service capabilities," said Katherine Rabin, CEO of Glass Lewis. "We look forward to working closely with PGI and PGI clients to facilitate a smooth transition and to continuing to provide those clients with best-in-class solutions for all their proxy voting and engagement requirements."

Since its founding in 2003, San Francisco-based Glass Lewis has become the leading independent provider of governance solutions, serving more than 750 institutions, including the majority of the world's largest asset managers, mutual funds and pension plans. Glass Lewis specializes in providing the case-by-case analysis of issues – from financial, compensation and economic to social and environmental – that enables institutions to vote proxies in accordance with their fiduciary duty. Through ViewPoint, its comprehensive, custom proxy vote management solution, Glass Lewis also provides institutions with the industry's leading integrated voting platform for institutions to implement their custom policies.  

"We're pleased with this agreement, which provides for a seamless transfer of customer contracts to Glass Lewis," said Jodi D'Ambrosio, vice president of PGI.  "With its reputation for custom analysis and voting solutions, and independent research, Glass Lewis certainly is an excellent fit for our customers."  PGI will not be providing proxy voting or advisory services after the end of this year.

About Glass, Lewis & Co., LLC

Glass, Lewis & Co., LLC is a leading independent governance services and investment research firm, serving institutional investors worldwide that collectively manage more than $15 trillion in assets. Glass Lewis supports the creation and preservation of long-term shareholder value through high-quality, objective analysis of governance, finance, accounting, legal, political and regulatory risks at tens of thousands of public companies across the globe; leading-edge vote management technology; and diligent client service. Founded in 2003, Glass Lewis is headquartered in San Francisco with offices in New York, Washington, D.C., Europe and Australia.

For more information on Glass, Lewis & Co. contact: Bayley Diamond, [phone],

[e-mail]; www.glasslewis.com.

About PROXY Governance

PROXY Governance, Inc., has provided proxy analysis, voting and reporting services to institutional investors and other clients since 2004.