From: Rose M.Berkowitz [rmberkowitz@patmedia.net]
Sent: Tuesday, August 12, 2003 12:10 PM
To: rule-comments@sec.gov
Subject: Support Rule S7-14-03

Dear Sir or Madam:


I understand that the SEC is proposing to require corporations to disclose 
more information about how directors are nominated. This is a positive 
development which I strongly support.

The information about how board members are nominated should be included in 
company proxy statements. The statements should also be required to include 
information about how investors could convey their concerns to the board.  
As you know, current rules merely require companies to disclose whether or 
not they have a nominating committee and whether shareholders can nominate 
directors.

The new rules are important, but it is also important to keep in mind that 
this is only a first step toward opening up the corporate director nomination 
process. The SEC has discussed further reforms that would make it easier for 
minority shareholders to nominate directors. These are truly crucial steps 
for corporate democracy.



Sincerely,

 

Rose M. Berkowitz