From: Ekvarela@aol.com Sent: Tuesday, June 10, 2003 11:12 PM To: rule-comments@sec.gov Subject: file no. "S7-10-03" To whom it may concern, I ask that you will please review the rules governing the shareholder voting rights. How the concern of corporate fraud has always been on the forefront of my mind, the latest events have elevated such concerns. It appears that most high powered CEO's are more interested in their power and annual bonus then they are in the interests of their own constituents. Shareholders should be able to select their Directors. Revising proxy rules and making Directors accountable to the shareholders will improve corporate accountability. This is a perfect opportunity for the SEC to do that of which it was intended. Thank You, Elise Varela 215 S. Reeves Beverly Hills, Ca. 90212 310-503-3472 ekvarela@aol.com