From: Bill Gaughan []
Sent: March 29, 2004
Subject: File No. S7-19-03

Dear Sir/Madam,

I am writing to voice my support for the SEC proposal (S7-19-03) to slightly loosen the rules for shareholder nominated corporate board members. I am a small-time investor. My investments are at the mercy of the people who run these corporations. Corporate scandals of the past few years have shown that company boards do not always act in the shareholders interest. The only hope I have is for governence from agencies like the SEC to help force company executives to be more open and accountable. Thank you for your time.

Bill Gaughan