MessageFrom: Joanne Ax [JAx@persi.state.id.us]
Sent: Thursday, June 12, 2003 5:51 PM
To: 'rulecomments@sec.gov'
Subject: S7-10-03

June 12, 2003

 

     TO:                Securities & Exchange Commission

     FROM:            Alan H. Winkle, Executive Director 

     COMPANY:      Public Employee Retirement System of Idaho (PERSI)

     RE:                  S7-10-03

PERSI supports the SEC's review of the proxy rules and regulations.  Specifically, 
we advocate serious consideration of shareholder access to the proxy process, 
including the nomination of directors, and revisions to the rules to allow 
shareholder input on corporate governance issues.  

Increased shareholder involvement in the nomination of directors and corporate 
governance issues should encourage an alignment of interests between shareholders 
and corporate management and further accountability of Boards to its shareholders.  
We concur with other interested investors that these types of reforms initiated 
by the SEC are important in restoring investor confidence and appreciate your 
consideration of these issues.  

Thank you for the opportunity to provide comments on this issue