Sent: Wednesday, December 17, 2003 8:30 AM
Subject: Re: File No. S7-19-03


Secretary Jonathan Katz
Securities and Exchange Commission Re: File No. S7-19-03
450 Fifth St., N.W.
Washington, DC 20549

Dear Secretary Katz,

Re: File No. S7-19-03

While I'm glad to know the SEC is about to institute corporate
accountability reforms, I'm hoping they'll be meaningful, so
devious corporate leaders won't be able simply to go back to
"business as usual" . . . This note is pecifically about the
Board of Director(s) nominating process.

The arrogance of corporate management is damaging working people
(which in the long run damages this country) with the top dogs
enriching themselves without protest from "oversight" Boards
comprised of their allies and friends!

By giving shareholders a voice in picking corporate directors,
the reforms put forward by the SEC have the potential to put an
end to the "Imperial CEO." As proposed, the rules still defer to
the rishest stockholders, those high ownership thresholds. The
2-year process could make them difficult for investors to
actually use, thereby being just another protection for the
corporate system which has already proven a breeding ground for
amazing levels of abuse.

Please enact "user-friendly" regualtions that will allow an
actual voice for stockholders.

Companies w/ outrageously greedy leaders need governance;
companies with honest leaders won't be hamstrung by interested,
involved stockholders.

Thanks!


Sincerely,

Kate Lehman Landishaw
40 Little St
Lyman, South Carolina 29365-1704