From: Bob Djurdjevic [bobdj@djurdjevic.com]
Sent: Monday, March 29, 2004 1:55 PM
To: rule-comments@sec.gov
Cc: 8.5@consultant.com
Subject: Opinion (s7-19-03)

The current corporate governance system is a mockery.  It makes the old Soviet 
Union look democratic and open to descent.  Under the new rules, multiple 
nominees should be submitted for each director position, and any shareholder with 
a sufficient number of shares should be able to nominate a candidate.  

That should prevent the automatic "re-elections" of the Old Boy network pals, 
instead of the qualified candidates who would look out for ALL shareholders' 
interests.  In turn, that should prevent the Enron's, the WorldCom's, the Lou 
Gerstner's IBM's and other corporate scams at the shareholders' expense.

Regards,

Bob Djurdjevic
Phoenix, Arizona
Tel: 602-532-7789