MessageFrom: Linda Lester [Llester@SIB.wa.gov]
Sent: Thursday, June 05, 2003 7:59 AM
To: 'rule-comments@sec.gov'
Cc: Nancy Calkins
Subject: (s7-10-03) Comment on Proxy Reform Review

June 5, 2003
 
Jonathan G. Katz, Secretary
Securities and Exchange Commission
450 Fifth Street N.W.
Washington, DC  20549-0609
 
Re: Release No. 34-47778
 
Dear Mr. Katz:
 
The Washington State Investment Board (WSIB), a public fund that holds over 
$13 billion in U.S. equity assets, commends the Securities and Exchange Commission 
(SEC) for its decision to review the proxy rules and regulations.  It is time for 
the SEC to modernize proxy regulations to reflect current market conditions and to 
correct past problems.
 
In its letter of May 10, 2003 to you, the Council of Institutional Investors 
outlined several issues that warrant close attention.  The WSIB urges the SEC 
to consider these proposed reforms as an excellent starting place to help 
investors have a meaningful role in the governance of the companies in which 
they invest.
 
The WSIB appreciates the opportunity to comment.
 
Sincerely,
 
 
Joseph A. Dear
Executive Director
Washington State Investment Board

Sent by:
Linda L. Lester
Investment Officer, Public Equity
Washington State Investment Board
(360) 956-4672
(360) 956-4783 (Fax)