Cisco shareholders voted against a proposal requesting the networking giant refrain from selling products to governments that censor Web content from their citizens, according to a story in InformationWeek.
On Monday, Light Reading reported that Cisco investors were going to quiz Cisco at its annual shareholders’ meeting Thursday about its business in repressive nations such as China and Saudi Arabia. InformationWeek Friday reported that shareholders voted against a proposal spearheaded by investment firm Boston Common Asset Management for Cisco to publish a report detailing how it would “reduce the likelihood that its business practices might enable or encourage the violation of human rights …”
Voting for the resolution were 28.5%, while 21% abstained, reports InformationWeek.
It’s great that Boston Common Asset Management called Cisco up on this, but as a shareholder, money talks louder than anything – even human rights, right? How many shareholders said they’d quit if some high street clothing retailers failed to stop shipping out work to countries that pay below minimum wage or employ child labor?
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