S7-19-03From: GREGG,DARRELL (HP-Corvallis,ex1) [darrell.gregg@hp.com]
Sent: Tuesday, March 30, 2004 10:30 AM
To: 'rule-comments@sec.gov'
Subject: S7-19-03

To Whom It May Concern:

        As a securities holder I am in support of this proposal.

The investors/owners of any given company should be given voice as who should 
be allowed to manage the company, and who will watch management.

I believe that the current system (one without the proposed proposal) can be 
construed as to support conflicts of interest in this regard.

I believe that management choosing its own Board of Directors is a conflict of 
interests, as this is analogous to a criminal choosing his/her own police 
force, judge, and jury. The Board of Directors of any publicly traded company 
is tasked with policing management, of said company, and to protect investor's 
from bad decisions, and unduly risky ventures. A Board of Directors that is 
hand picked and chosen by the very people they are tasked with protecting 
investors from is a blatant conflict of interests.

It is time that the investors/owners of a company be allowed to choose those 
that will police management, and corporate executives.

I believe this proposal will go a long way to supporting a vision of business 
in which there is not the slightest hint of conflicts of interest, unethical 
action, or impropriety on the part of those that are tasked with running 
publicly traded companies on behalf of investors/owners.



Sincerely,

Darrell Gregg