April 4 (Reuters) -

Goldman Sachs ( GS ) should separate the CEO and chairman

roles currently held by David Solomon, proxy adviser Glass Lewis

wrote in a report on Thursday.

The recommendation to shareholders followed a similar

suggestion from Institutional Shareholder Services on Wednesday.

Glass Lewis said having an independent chair "is nearly

always preferable to having a single individual lead both the

board and the executive team."

In addition, it recommended investors cast advisory

votes against compensation at the Wall Street bank.

Goldman shareholders "should be wary of the continued

disconnect between pay and performance," Glass Lewis wrote in

its report, saying the pay for Solomon and other top executives

together was above the median of peers used its model.

ISS' comments on Solomon's leadership on Wednesday made

specific mention of the bank's strategy.

"Solomon's foray into the consumer realm has been met

with missteps and steep losses, which seem to have trickled into

further human capital issues," it wrote in the report on

Wednesday.

Goldman Sachs ( GS ) did not immediately provide a comment. On

Wednesday, a company spokesperson cited the bank's

recommendation to vote against the independent chair proposal as

laid out in its proxy statement.

The resolution to split Goldman's chairman and CEO

titles was filed by the National Legal and Policy Center. A

similar measure it filed last year won just 16% support.

Last year, Glass Lewis had also recommended investors

vote for the separation of the chairman and CEO roles as a

matter of good corporate governance. Meanwhile, ISS had

recommended against the measure, saying at the time there were

"no significant concerns regarding the company's governance

practices."

Goldman's annual meeting is slated for April 24. Like

ISS, Glass Lewis recommended votes approving all the bank's

director nominees, including Solomon.

The bank appointed David Viniar, who served as its

finance chief from 1999 to 2013, as its next independent lead

director. He will succeed Adebayo Ogunlesi, who will step down

at the annual meeting.