Glass Lewis’ Proxy Season Review for Malaysia provides in-depth analysis of key meetings including Padini Holdings and KNM Group, along with data illustrating recent shareholder voting and board composition trends and Glass Lewis’ Benchmark Policy recommendations for the 2023 AGM season.

Highlights include:

• We observed an 8% increase in the number of companies in our coverage, and a 12% increase in the number of shareholder meetings.
• Glass Lewis’ Benchmark Policy recommended voting against 16.9% of all proposals, and 54% of our "against" recommendations related to election of director proposals.
• The majority of our director concerns related to a lack of board and committee independence.