June 12, 2003
Jonathan G. Katz VIA EMAIL: email@example.com
Dear Mr. Secretary:
I am the Chief Investment Officer for the Sacramento County Employees' Retirement System. SCERS is responsible for investing the pension plan assets for Sacramento County's public employees. We invest on behalf of over 16,000 active and deferred member and pay benefits to over 5,500 retirees and beneficiaries.
SCERS and its Board very strongly believe that equal access to corporate proxy materials is of significant importance for shareholders who wish to propose alternative candidates for board seats and have a meaningful voice in a company's governance. The current system, which requires shareholders to lead expensive, and often litigious, proxy contests is badly in need of reform. We urge you to consider amending the rules in order to improve shareholder access to management proxy cards.
On behalf of the SCERS Board, our members, and our retirees, I would like to thank you for giving this request serious consideration. If you have any questions, please reply to this Email.