From: Keith McKlendin [mailto:firstname.lastname@example.org]
Secretary Jonathan Katz
Dear Secretary Katz,
As an individual investor, I strongly support SEC proposal S7-19-03 regarding security holder director nominations. We must make corporate governance more democratic and make the board of directors more directly accountable to the shareholders. The current system is clearly broken: shareholders have no direct or practical voice in the nomination or election of the board of directors. Compensation for upper management, particularly in the form of stock options, has reached absolutely outrageous levels--rubber stamped by boards that are puppets of management that have essentially no accountability to shareholders. While the current system hurts every investor, at its worst the system is complicit in the recent string of corporate scandals that have destroyed some of America's largest corporations and caused billions dollars in losses to investors.
As an investor, I am tired of feeling that my voice is not heard. I strongly urge the SEC to adopt S7-19-03.