Proxy Rules and Regulations
From: Brian Minturn [brian_minturn@trsl.state.la.us]
Sent: Tuesday, June 10, 2003 1:45 PM
To: rule-comments@sec.gov
Cc: Tommy Reeves; Dan Bryant; Graig Luscombe; Bonita Brown
Subject: Proxy Rules and Regulations


To the Commission- 

I want to express a strong interest in not only seeing the SEC vigorously 
pursue the subject of Press Release 2003-46, but for you to expand your 
review to include the flawed process of the proxy system related to all 
matters of corporate governance. 

The basis of my comment is the first hand observation of how corporations 
work their influence over the process to garner the votes necessary to 
ultimately create their desired outcome on the vast majority of issues. The 
second part of the situation that enables corporations to avoid a true 
unbiased and democratic basis of feedback is the fact that stockholders are 
by nature a divided, disparate group. The corporations exploit this disadvantage 
by not doing anything that would facilitate communication among stockholders. 
The SEC will hopefully do something to create a more level playing field.

Respectfully,  




Brian N. Minturn 
CEO 
Teachers' Retirement System of Louisiana 
8401 United Plaza Blvd., Suite 302 
Baton Rouge, LA 70809 
Office: (225) 925-6454 
Fax: (225) 925-3944 
E-Mail: brian_minturn@trsl.state.la.us