Feb. 3, 2020
Vanessa A. Countryman, Secretary Securities and Exchange Commission 100 F Street, NE Washington, DC 20549-0609 Re: File Number S7-22-19 Dear Secretary Countryman, I write to you today to join my voice with those of other conscientious investors calling upon the Securities and Exchange Commission (SEC) to exercise responsible oversight on the proxy advisory firms tasked with providing financial advice and recommendations that impact their investments. Politics has no place in pension and retirement investments because, quite simply, politics does not produce returns for investors. Returns, after all, are the sole purpose of investments. Yet, lately, these proxy advisory firms have been far too involved in the administration and directing of retirement portfolios for political posturing and not for maximization of returns. When proxy vote recommendations are given to pander to a social and political agenda at the explicit expense of greater returns for investors, the problem is obvious. The solution ought to be so as well: remove the opportunity for proxy advisors to advise along these misdirected lines by regulating their role and responsibilities. I believe the new rule under discussion by the SEC is an excellent step in precisely this direction. Sincerely, John Huntley Mills Electric | 4430 Pacific Hwy | Bellingham, WA | 1.855.540.0817 | www.millselectric.com Confidentiality Notice: This email, its contents and attachments are confidential and may contain privileged information. It is intended solely for the use of addressee(s) only. Any use, copying or disclosure of this communication or attachments to any other person is expressly prohibited without written permission of Mills Electric Co. Contractual Notice: No employee or agent is authorized to conclude any binding agreement on behalf of John Huntley Inc. DBA Mills Electric Company with another party by email without express written confirmation by an Officer of Mills Electric Company.