From: Bob Chaffin [whiggey14@yahoo.com]
Sent: Monday, March 29, 2004 4:57 PM
To: rule-comments@sec.gov
Subject: Director Nomination

I believe investors should nominate directors too,
subject to SEC supervision.  Also, votes on precedures
such as the recent HP expensed options proposal should
be binding....again subject to SEC supervision.   Only
investor nominated directors should approve board and
senior executive level remunerations.  Half the board
should be investor nominated.  Investor nominated
directors should be registered wigh the SEC six months
prior to the vote, and they should meet minimum
credential guidelines as part of the registration
guidelines.  Just because you are a professor in an
MBA program is not sufficient.  However, Bill Gates
would qualify;-)  GAAP should be linked.

Regards,

Robert R. Chaffin
1807 Danforth Dr.
Marietta, Ga. 30062


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