September 25, 2007
Chairman Christopher Cox
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-1090
Dear Chairman Cox:
I'm writing to request that you protect the right of investors to file shareholder resolutions and urge you to take no action on the proposed initiatives that would curtail or eliminate this essential right.
I am personally an investor in the stock market, principally because I believe I can leverage the money I save -- as well as the money I donate -- to positive social ends. Across America we are coming together to improve business practices through shareholder resolutions. This is an unambiguously good thing. It's democratic. It's transparent. It promotes accountability. It improves the lives of people around the world. It will ultimately improve business performance as well. Do not restrict my rights of ownership in America's corporations.
Furthermore, the many corporate scandals of recent years highlight how important it is to have more, not less, corporate transparency and accountability. Shareholder resolutions have proven effective in holding companies accountable to their owners. I ask that the commission safeguard, not undermine, their use.