On April 8, 2024, zCapital AG announced that independent proxy advisory firm Glass Lewis supported it proposal to remove a 2% ceiling on voting rights at Bâloise Holding AG 2024 annual meeting of shareholders, and Glass Lewis stated that it believes that voting rights restrictions inhibit shareholder democracy and can reduce the attractiveness of a Company for a potential takeover as well as to potential strategic partners, which can lead to an undervaluation of a Company's shares. Further, zCapital AG stated that Glass Lewis also backed zCapital on a 2nd contentious proposal, at the 2024 annual meeting of shareholders.