From: Carl A. Cappello [ccappell@maine.rr.com] Sent: Friday, June 13, 2003 6:13 AM To: rule-comments@sec.gov Subject: Review of Proxy Rules Dear members of the Securities and Exchange Commission, I am aware that you are proposing to look at proxy rules to determine whether shareholders and the public are currently well served (reference File No. S7-10-03). I urge you to take action to insure that boards represent the shareholders who appointed them and that, in turn, management is held responsible by their boards for all aspects of corporate behavior. Carl A. Cappello 18 Crestwood Road Cumberland, Maine 04021