shareholder proposal · 2022
Greater Manchester Pension Fund at Cisco
Asked the board to issue a tax transparency report to shareholders, at reasonable expense and excluding confidential information, prepared in consideration of the indicators and guidelines set out in the Global Reporting Initiative's Tax Standard, which covers revenue, income, employees, cash taxes paid, taxes accrued and tangible assets country by country.
What happened
Result: Voted on as Proposal 4 at the annual meeting of 8 December 2022 and not approved: 781,754,210 votes for, 2,120,268,096 against, 31,263,008 abstaining and 462,490,228 broker non-votes. That is 26.9% of the votes cast for and against, the 27 percent the FACT Coalition reported, which it also described as $38.3 billion in shares.
We found no tax transparency report from Cisco prepared to the GRI Tax Standard, and no change that any source we opened attributes to this vote.
Who is involved
- Greater Manchester Pension Fund filer
- Cisco company
What this campaign is about
- Domestic resource mobilization, including tax Necessary · UN Sustainable Development Goals