August 14, 2007
Dear Chairman Cox,
I want to express my opposition to any attempt to weaken or cripple shareholders' right to file non-binding advisory resolutions under Rule 14a-8.
For over three decades, shareholder proposals have provided large and small shareholders with a voice in the governance of corporations on which their financial futures depend.Doing away with these proposals would be a setback for shareholder democracy and corporate governance.
I hope that instead of issuing controversial proposals that are harmful to shareholder interests, the SEC will consider how to enhance the dialogue between corporations and their owners on matters of strategic importance.
Sister Claire D. Filippone, RSM6