From: JoAnne Svendsgaard [joanne@worldpensionforum.com]
Sent: Thursday, June 12, 2003 3:47 PM
To: Rule-comments@sec.gov
Subject: reference S7-10-03

To whom it may concern:

In reference to S7-10-03

I am not a securities lawyer, an investment banker or a corporate
professional.  However, I do own some stock in several companies and as an
owner of stock, and as someone who cares about this countryıs future, I feel
I would remiss if I did not try to take this opportunity to comment and let
you know that I support shareholders having a role in director selection.  I
believe that this would be a major step in helping to revive investor
confidence in the US markets.

As long as board members feel executives can remove them, board members will
not protect shareholders as they should.  Unless shareholders have a say in
director selections we cannot expect a meaningful drop in the frauds,
restatements, bankruptcies, excessive compensation packages and other
troubles that plague our large companies.

Thank you for your consideration.

JoAnne Svendsgaard
693 Walavista Avenue
Oakland, CA  94610
510/893-7545