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Cisco uncontested director votes now need majority

Thu Mar 22, 2007 8:06pm EDT

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NEW YORK, March 22 (Reuters) - Cisco (CSCO.O) said on Thursday its board adopted a majority vote standard for the election of directors in uncontested elections.

Under the new standard, a director will be elected to the board if votes cast for the director constitute at least a majority of shares represented and voting at a meeting and also make up a majority of the required quorum for the meeting.

Cisco said in the case of contested elections, directors would continue to be elected by a plurality vote.



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