August 30, 2007
Dear Chairman Cox:
I am a very concerned investor,and greately alarmed that the SEC has issued rules that could curtail or eliminate the ability of shareholders like myself to raise important issues with corporate management. I strongly urge you to not curtail investors' rights to file advisory resolutions under Rule 14a-8.
These resolutions encourage corporations to be responsive to their owners, and promote improved corporate governance, greater accountability, and more meaningful disclosure. This ability is part of living in a DEMOCRACY!!!
Any actions that would restrict or eliminate advisory shareholder resolutions would be a dangerous step backwards. Corporate America needs to listen to the people's concerns. Power needs to be tempered, or we will all be run over for the sake of the "almighty $$$$$$$"! Please let me know what action YOU intend to take on this issue.