From: Michael Kusnir [MAKusnir@msn.com]
Sent: Wednesday, July 30, 2003 1:05 PM
To: rule-comments@sec.gov
Subject: SEC File No. 4-461



Subject: Petition for Rulemaking (SEC File No. 4-461)

Dear Mr. Katz,

I am writing to you as an individual investor. I firmly believe that the 
long term well being of the American economy is at risk unless we get some 
real change in corporate governance and restore confidence in our financial 
markets.

Currently most Board of Directors represent the CEO instead of the shareholders. 
This has allowed the corporate officers to plunder a company's wealth for 
personal gain. It must be the SEC's mission to change the rules so that shareholders 
(without 3%, 5% or 10% requirement), can elect a slate of directors that will be 
independent and represent shareholders instead of the CEO. Failure to deal with 
this will matter endangers the economic system of our country. We must halt the 
plunder.

Good Luck
Michael Kusnir