September 19, 2007
Dear Chairman Cox:
I am writing today to ask the Commission to preserve a critical tool for corporate accountability and investor protection: the nonbinding shareholder proposal. LET INVESTORS KEEP THEIR VOICE IN, IF NOT CONTROL OVER,THE COMPANIES THEY THEORETICALLY CONTROL. The many corporate scandals of recent years have underlined the importance of more communication, more transparency, and more accountability - not less. Nonbinding shareholder resolutions have proven effective in holding companies accountable to their owners. I ask that the Commission safeguard, not undermine, their use.
Please let me know what action you intend to take on this issue.