From: moormank@sunwave.net
Sent: Tuesday, March 30, 2004 12:38 PM
To: rule-comments@sec.gov
Subject: subject=S7-19-03

To whom it may concern,

I am a Canadian but I invest in many companies including many American
corporations.  I have been given many opportunities to participate in
proxy votes but have found the process far from satisfactory.

Shareholders need a process by which they can have more influence in the
companies they own.  There is not enough balance in the process by which
large corporations are run which provides too much opportunity for the
executive and the board of directors to engage in unscrupulous, shameful
behavior.  I am especially concerned by the actions of Conrad Black, a
former Canadian, whose actions with respect to Hollinger International are
blatantly for his own interest and have nothing to do with shareholder
interest, in fact, are directly opposed to the shareholder interest.  The
American SEC must take some action to give shareholders some measure of
power over the executive who are so blatantly corrupt such as Conrad
Black.  It is stunning to me that such a greedy, corrupt individual as
Conrad Black has gotten control over so many newspapers, which are a vital
instrument of democratic process.  The way the rules are structured
currently puts too much power in the hands of the ruthless and corrupt. 
There must be a balancing measure so that shareholders can ensure that
companies are run by competent, dedicated executive and overseen by
independent boards of directors.  The process today by which the same
individual can serve as both CEO and Chairman of the Board must be
declared illegal.

Sincerely,
Kevin Moorman
Canadian