Harvard Law School
Cambridge, MA 02138

Julie Johnson
Administrator, Program
on Corporate Governance
  Tel (617)- 496-2099
Fax (617)-496-4865
Email: johnsonj@law.harvard.edu

December 2, 2003

Via e-mail: rule-comments@sec.gov

Mr. Jonathan G. Katz
Securities and Exchange Commission
450 Fifth Street, NW
Washington, D.C. 20549-0609

Re: Security Holder Director Nominations (Release No. 34-48626, IC-26206; File No. S7-19-03)

Dear Mr. Katz:

As the SEC is now considering the subject of shareholder nomination of directors, I would like to file the attached proceedings of the Symposium on Corporate Elections which was recently held at Harvard Law School. The symposium, which was organized by the Harvard Law School Program on Corporate Governance, brought together CEOs, directors, institutional investors, money managers, shareholder activists, lawyers, judges, academics, and others to discuss the subject from a wide range of perspectives. The symposium included the following six sessions:

Session One: The Basic Pros and Cons of Shareholder Access
          Martin Lipton and Steven Rosenblum, Wachtell, Lipton, Rosen & Katz
          Lucian Bebchuk, Harvard Law School

Session Two: The Board/Management Perspective
          Richard Breeden, Richard C. Breeden & Co.
          John Castellani, The Business Roundtable
          James Rogers, Cinergy Inc.
          Ralph Whitworth, Apria Healthcare Group

Session Three: The Perspective of Institutional Investors
          Orin Kramer , Kramer Spellman
          Robert Pozen, Harvard Law School
          Michael Price, MFP Investors
          Sarah Teslik, Council for Institutional Investors

Session Four: The Perspective of Shareholder Activists and Advisers
          Jaime Heard, Institutional Shareholder Services
          Robert Monks, Lens Governance Advisors
          Damon Silvers, AFL-CIO
          John Wilcox, Georgeson Shareholders

Session Five: Legal Problems in Designing a Shareholder Access Rule
          John Coffee, Columbia Law School
          Joseph Grundfest, Stanford Law Schoool
          Robert Todd Lang, Weil, Gotshal & Manges
          Charles Nathan, Latham & Watkins
          Leo Strine, Delaware Chancery Court
          Session Six: Concluding Remarks
          Robert Clark, Harvard Law School
          Floyd Norris, The New York Times
          Harvey Goldschmid, U.S. Securities and Exchange Commission

I hope these materials will be useful to the Commission's consideration. In case any questions arise, I can be reached at (617) 496-2099 or johnsonj@law.harvard.edu.


Julie Johnson

Attachment: Lucian Bebchuk, editor, "Symposium on Corporate Elections," November 2003 (PDF)