From: Bonnie Benard [bbenard@flash.net] Sent: Tuesday, June 10, 2003 3:04 PM To: rule-comments@sec.gov Subject: Election of Corporate Directors Dear Commissioners: I applaud your decision to review proxy rules and regulations regarding the election of corporate directors. Current rules make it very difficult for minority shareholders to nominate candidates for the boards of directors. The result is that in most board elections, only one slate of candidates is picked by and for the current board. As a shareholder of a moderate portfolio I find I cannot vote up or down on a single slate of individuals. It goes against my democratic grain. Shareholder democracy matters. Minority shareholders need greater powers to appoint directors to end a corporate election process that is operated for and by corporate insiders. Some form of proportional representation is needed in the election process of all boards of directors of publicly owned corporations. Thank you for your consideration to bring real shareholder democracy to the election of corporate directors. Sincerely, Peter Seidman ~~~~~~~~~~~~~~~~~~~~~~~~~~ Peter Seidman 1238 Josephine Street Berkeley, CA 94703-1112 510-528-4344 (phone and fax) pfs@flash.net ============================================================================== Bonnie Benard 1238 Josephine St. Berkeley, CA 94703-1112 510.528.4344 (P/F) bbenard@flash.net Everyone who is seriously involved in the pursuit of science becomes convinced that a Spirit is manifest in the laws of the Universe... Albert Einstein ==============================================================================