From: Denise De Leo [clovecott@nac.net] Sent: Tuesday, June 10, 2003 8:34 AM To: rule-comments@sec.gov Subject: (s7-10-03) Shareholder Democracy Corporate Board elections need to be opened up to allow for representation of small- and middle-sized shareholders as well as the entrenched ownership. The latter have as much or more to gain and lose, relatively speaking as the large players. They need to at least have a voice: a chance to nominate, speak, and be heard. Also, the electoral instruments are needlessly complicated and lengthy. I am a teacher of writing, and I could say everything they say in plain English in a quarter or less of the space. It is painfully obvious that they are deliberately designed to obstruct the participation of smallholders who cannot afford professional assistance. Sincerely, Robert Carnevale Wantage, New Jersey