August 31, 2007
Dear Chairman Cox:
How dare you take my voice away...where I invest my money is my choice and I have the right to speak up about the companies and policies involved in who uses my nmoney. We are tired of the backroom, good old buddy networks that seek to control everything, therefor as a concerned investor, I am 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 urge you to not curtail investors' rights to file advisory resolutions under Rule 14a-8.
Advisory resolutions play a vital role in encouraging corporations to be responsive to their owners. They help to promote improved corporate governance, greater accountability, and more meaningful disclosure.
Any actions that would restrict or eliminate advisory shareholder resolutions would be a disastrous step backwards. Please let me know what action you intend to take on this issue.