Feeds

Cisco sets age limit for board

Retirement motion

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Cisco has introduced an age bar for its board. Under a new governance policy agreed last week Cisco directors will no longer be eligible for, nominated or renominated to its board after they hit 70.

The networking giant's current chairman, John P. Morgridge, 71, will step down after next year's shareholders meeting, which is scheduled for November 2006. But vice chairman Donald T. Valentine and board member James F. Gibbons will not be eligible for renomination for Cisco's 2005 annual meeting in November 2005. Cisco expects the size of its board to drop from 13 to 11 at that time.

Cisco's board is largely invisible to customers and partners. Nonetheless a board composing several pensioners sits ill at ease with Cisco's positioning as a go-ahead 21st century net technologies firm. Anecdotes about the Arpanet and thrashing Wellfleet have sadly had their day. Cisco said its board retirement policy put it into line with other technology heavyweights.

"Consistent with similar policies adopted by leading corporations, we've initiated this change to create a more formal timeline for board member changes. This provides both the board and our shareholders with a clear road map for the natural evolution of our Board of Directors." said cisco chairman John Morgridge. ®

Related stories

Cisco restructures into theatres
Cisco branches out into middleware
Cisco pushes application optimisation
Boffins take new angle on anti-aging research

Beginner's guide to SSL certificates

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.