From: afscmedoc@yahoo.com Sent: Thursday, December 18, 2003 1:50 PM To: rule-comments@sec.gov Subject: Protect Workers' Pensions (SEC proposal S7-14-03) Secretary Jonathan G. Katz Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 Dear Secretary Katz, I am a constituent, a physician, and a union organizer for the American Federation of State, County and Municipal Employees (AFSCME), AFL-CIO. I support the adoption of SEC proposal S7-19-03 to allow shareholders to nominate candidates for election to corporate boards. I know you know that a common dominator at companies exposed as unaccountable to their shareholders (i.e. Enron, WorldCom, Tyco among them)are companies that ultimately fail. When they fail, shareholders get hurt. When they deceive and fail shareholders get hurt unfairly. One remedy, in my opinion, is that shareholders must be able to nominate directors at the earliest possible annual meeting, when the company is in crisis and shareholder value is immediately threatened such as in the Enron and WorldCom scandals. Some companies and their boards of directors have lost sight of the fact that shareholders are the true owners of companies. The proposed rule in support of real director elections will go a long way in reinforcing this important principle. Sincerely, Dr. Dan Lawlor, M.D. 1024 Todd Farm Drive Suite 101 Elgin, Illinois 60123