From: Sarah Nelson [library_s@yahoo.com] Sent: Tuesday, June 10, 2003 9:38 PM To: rule-comments@sec.gov Subject: (s7-10-03) Change Proxy Rules/Regulations re: Election of Corporate Directors Mr. Jonathan G. Katz Secretary Securities and Exchange Commission 450 Fifth Street, NW Washington, DC 20549-0609 Dear Mr. Katz: I want real shareholder democracy The Securities and Exchange Commission has said it will review proxy rules and regulations regarding the election of corporate directors. Current rules make it very difficult for minority shareholders to nominate candidates for the board of directors. The result is that in most board elections, there is only one slate of candidates - picked by and for the current board. I understand the SEC has agreed to review how corporate directors are elected. I hope that it may consider ways to make it easier for minority shareholders to nominate directors and to gain some kind of proportional representation on the board of directors. Shareholder democracy matters. Minority shareholders need greater powers to appoint directors to end a corporate election process that is operated for and by corporate insiders. Sarah Nelson CitizenWorks Supporter Sacramento, CA 95814 -------------------------------------------------------------------------------- Do you Yahoo!? Free online calendar with sync to Outlook(TM).