From: Ken []
Sent: Monday, March 29, 2004 6:12 PM
Subject: S7-19-03

I encourage adoption of the proposed rule as being a step in the direction of providing better corporation governance. In addition, I would like to see rules that require a majority of the board of directors be independent. I define independent as never having had a financial relationship with the corporation or its officers.

Under the current rules, proxy participation by a small stockholder is pretty much a waste of time. Usually I am given a list of "recommended" directors to vote for, a choice to approve an auditing firm, and a blank check to approve any other business that might arise during the meeting. My failing to respond results in additional mailings and useless expense so that sufficient proxies are received.

Ken German
Bellevue, NE 68005