July 23, 2007
Do not tamper with investors right to file advisory resolutions under Rule 14a-8. I hope you will see that it is the public's best interest not to strip us of this right.
These advisory resolutions are one of the only ways we as investors and share-holders can get management's attention and provide important feedback. They help us to ensure good corporate governance, real disclosure and accountability. Shareholder resolutions are THE way we all can communicate important new ideas, and are the tool of dialogue between managment and shareholders. The right opf ALL shareholders to propose these resolutions is important and has fundamentally shapped the market by providing timely feedback and ideas.
Should you elect to withold this right through restriction or elimination of advisory shareholder resolutions I feel it would make the market much more volatile, drop investor confidence, and result in a less informed and more secretive corporate management. It would also become a matter I will take up with legislators should you proceed. Please let me know what action you intend to take on this issue.