SAN JOSE, Calif. - July 28, 2010 - Cisco today announced that its board of directors will offer a shareholder advisory vote on executive compensation during its next annual meeting scheduled for November 18, 2010. At the meeting, shareholders will be given the opportunity to provide input on the compensation of named executive officers by casting a non-binding vote.
Cisco collaborated with shareholders, governance advocates and peer companies to develop its approach to the advisory "say-on-pay" vote. The company acknowledges thoughtful dialogue with Christian Brothers Investment Services, Inc. and other shareholders following approval of a shareholder proposal in 2009. Cisco joins a number of other companies, including several of its peers in the technology industry, in implementing this measure.