November 12, 2003
On November 5, 2003, SEC Chairman Donaldson, Alan Beller (Director of the Division of Corporation Finance) and I met with representatives of the Business Roundtable about the above-referenced rule proposal. The Business Roundtable suggested that the Commission delay acting on the proposal until the effect of recent rule changes can be evaluated and several other concerns are resolved. As examples of their concerns, the Business Roundtable representatives mentioned that:
The Business Roundtable intends to provide details regarding these concerns through the comment letter process.