From: John Osborn [John@waterplanet.ws]
Sent: Wednesday, June 04, 2003 12:45 PM
To: rule-comments@sec.gov
Subject: S7-10-03

Mr. Jonathan G. Katz , Secretary
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, DC 20549-0609
Re: S7-10-03

June 4, 2003


Dear Commission,

The Green Corporate Accountability project supports proposals to open 
the proxy to shareholder-nominated directors, as envisioned by  S7-10-03.

The Green Corporate Accountability project has been working to find  
common ground between investors and conservationists. To this end, we 
have filed shareholder resolutions and many of them have received a 
majority vote. Recent corporate scandals have emphasized that governance 
itself is the common denominator of all corporate behavior, and director 
accountability is the most important element of governance.

We believe that the practical lack of accountability of directors to 
shareholders is the most profound deficiency that the SEC could address 
today. In today's world of complexity where corporations face a number 
of critical issues of which environmental stewardship counts 
conspicuously, we think that true director accountability to 
shareholders can only improve our corporate community.

Sincerely,

John Osborn, MD, Chair
Green Corporate Accountability Project