From: Ken [mailto:firstname.lastname@example.org]
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.