Subject: File No. S7-16-07
From: Carmel Caputo, CND

August 21, 2007

Dear Chairman Cox,

As a faith based investor, I want to express my opposition to this proposed rule. Such a change would weaken shareholders' ability to influence their companies. It would also curtail the ability to hold management accountable. Neither of these losses would help to strengthen corporate responsibility, something which is greatly needed.

Carmel Caputo, CND