July 19, 2010
Dear Sir or Madam:
I write this e-mail in support of advance directive voting as set forth in your Release No.. 34-62495, dated July 14, 2010. I write this e-mail only on my own behalf and not on behalf of the company with which I am affiliated. As the corporate secretary of a public company for more than 22 years, based on the drastic drop in votes this year due to the new regulations, a large number of shareholders of the company with which I am affiliated threw into the trash proxy statements, proxy cards and other SEC filings. I believe most investors are not interested and/or don't have the time to read annual reports, 10-Ks and proxies. I believe most investors expect the Board of Directors and management of public companies to conduct the business of a public company in the best interest of all shareholders, in an ethical and business-like manner and in accordance with all applicable rules and regulations. Most investors don't know the directors personally and therefore, put their trust in the company's management and Board to nominate qualified candidates to serve as directors.
"I would like to be able to direct my broker to just vote in favor of all management proposals, subject to my ability to revoke that instruction. I would also like the ability to permanently instruct the board of directors' chosen proxy agents to vote in favor of all management proposals, subject to my ability to revoke that instruction. Finally, I would like to be able to direct my broker and the investee company to not send me any SEC filings since, for me, they just waste the company's money. I know this material is readily available on the SEC website and the company's website should I want to read it.
Sincerely,
Cheryl Carter