Subject: Please protect shareholder rights (File No. S7-16-07)

Chairman Christopher Cox
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-1090

September 25, 2007

Chairman Christopher 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.

Shareholder resolutions are an invaluable tool for investors who want to make their voices heard with regard to the direction of their companies. Shareholder resolutions have helped to promote transparency and improve corporate governance and performance. They have called attention to critical issues, including global warming, nuclear power, sweatshops, executive compensation, natural resource extraction, and other major societal and environmental problems that, when not addressed, often end up costing shareholders and their companies as a result of lawsuits, damaged reputations, consumer boycotts, public protests, and low staff morale.

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.

As a stockholder myself, I regard the ability to participate in a company's annual meeting through stockholder's resolutions essential. If a company is allowed to conduct business without the oversight and participation of its stockholders, then there is no guarantee that the company would act in the interest of anything but its pocketbook and expedience, regardless of how stockholders feel about issues of safety or the environment. Forbidding participation would mean that I would immediately divest myself of US holdings. I suggest that many people who feel as I do, would do the same, and that could effect the stock market significantly.

Thank you for your attention to my comments.

Bethany Staelens