From: Bob Stanfield [stanassc@eclipse.net] Sent: Thursday, June 12, 2003 9:41 AM To: rule-comments@sec.gov Subject: Request for Rulemaking To Amend Rule 14a-8(i) To Allow Shareholder Proposals To Elect Directors Gentlefolk, The following quote from the Washington Post expresses my frustration with my being an "owner" of a company. "Because successful challenges are so difficult, companies routinely ignore mandates from shareholders, said Nell Minow, editor of the Corporate Library, an independent corporate governance research firm. For example, Apple Computer Inc.'s board of directors ignored a majority vote by its shareholders this year in support of treating executive stock options as expenses." Corporate governance has gotten out of hand as we have seen at Enron, WorldCom, ... The arrogance and potential for unrestrained bad judgment by CEOs harkens back to the days of "the divine right of kings". We have seen too many companies bankrupted by corrupt or stupid management. Unrestrained meddling by every stock holder is also another extreme that needs to be avoided. I certainly support some mechanism to exert greater immediate accountability on companies that I "own". This proposal merits serious consideration. -- Bob Stanfield 29 Ledge Lane Pipersville, PA 18947 Voice 610-294-9884 FAX 610-294-8119