September 19, 2007
SEC, I have heard you are considering phasing out shareholder proposals. I urge you not to do so. Shareholder proposals are an essential feedback tool from stakeholders that help corporations improve their management and understand greater social needs. Preserve shareholder proposals -- corporate accountability and investor protection are important, and investors have also brought visibility to important business risks that can have a profound impact on the value of our investments. I am concerned that questions raised by the SEC may lead to the restriction or elimination of shareholders' rights to propose advisory resolutions It is to the credit of the SEC and our democratic system that small investors as well as large ones can participate in this process. Please let me know what action you intend to take on this issue. David Jaber California resident, and citizen of the Earth that is our common bond.
David Jaber