December 5, 2002
I fully support the efforts of the Committee of Concerned Shareholders and James McRitchie with respect to their Petition for Rulemaking (SEC File No. 4-461). It is time that democracy should come to the corporate ballot. Shareholders are the true owners of corporate America, and should be entitled to a fair and impartial opportunity to elect truly independent Directors. Further, recent corporate events have demonstrated that individual Shareholders need an effective means by which undesirable Directors can be held accountable, e.g., removed from office via use of the simplified Shareholder Proposal procedure. Individual Shareholders should be able to act as their own 'watchdogs' when it comes to improving corporate governance.