From: Dustin Triebel
Sent: July 13, 2016
I'm writing as a member of the public and a retail investor in response to the SEC's request for comments on S7-06-16.
A large percentage of taxpayers are share holders often through 401ks or mutual funds The separation between the owners of these companies and those who run them, theoretically for their benefit, has never been greater. Corporations often have little to no accountability to their shareholders. To help ensure corporations serve their owners and ultimately the public.
Corporate oversight could be greatly improved by,
1. Setting rules to allow for the larger shareholders to automatically or at least more easily gain board seats. In my opinion the largest shareholder should always have a seat at the table.
2. Tighten compensation rules to align the interests of ownership with management.
3. Greatly improved oversight on small companies, especially the ones that are dark with less than 300 registered shareholders. These are often totally ignored by the SEC and break rules without fear of the SEC enforcing it's rules.
4. Rules against poison pills which grant current management benefits or otherwise incur costs on anyone attempting a hostile takeover.