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Weak Commitment to Human Rights Factors into Boston Common’s Decision to Divest of Cisco Systems; Manipulative Vote Tallying Further Isolates Cisco
Boston Common Asset Management, LLC has divested of its holdings in Cisco Systems, Inc. stock (NYSE: CSCO) due in part to the company’s weak human rights risk management and poor response to investor concerns. Cisco’s deceptive announcement of vote results on proxy items at the 2010 annual shareholder meeting has raised further alarm about the company’s commitment to transparency.