From: Jim Matthews [aatlas@perigee.net] Sent: Friday, June 13, 2003 11:38 AM To: rule-comments@sec.gov Subject: File No. S7-10-03 Thank you for requesting proxy rules and regulations comments. Anything that the SEC can do to give investors more control of the boardrooms will be a blessing to the American people. Shareholders should be allowed to nominate corporate directors. Most of the corporate scandals have resulted because the CEO's have too much power in the boardrooms. Many run the corporations as a dictatorship, solely for their personal gain. The SEC rules are used as a weapon to stymie any attempt of reform by shareholders. If the rules were changed to make shareholder proposals binding on corporations, many current problems would be solved in short order. The arrogant, rogue CEO has become a national joke. It is time for him to be placed under the strict control of his owners - the shareholders. Jim Matthews North Carolina