MessageFrom: JOHN BULLARD [jwbullard@carolina.rr.com]
Sent: Saturday, June 14, 2003 11:15 AM
To: rule-comments@sec.gov
Subject: Rule Proposal. (s7-10-03)

Apart from the issue of more liberal rules to nominate directors from the 
shareholder base, I have another worthwhile suggestion.
 
I think that shares voted for director's nominations, elections, etc. and 
votes on other issues on proxies should be required to be kept confidential 
by the vote tabulator and management.  People, including employees and other 
directors should be able to vote and have their vote totally confidential 
outside the sphere of vote tabulators.  This would give large shareholders 
and directors who have large stakes to vote on controversial issues and not 
fear political fallout or some type of punitive measures.  
 
John W. Bullard
President / CEO
Longleaf Community Bank (Proposed)
P.O. Box 1208
Rockingham, NC 28380-1208
 
jwbullard@carolina.rr.com