From: Cram, Peter [peter-cram@uiowa.edu]
Sent: Monday, March 22, 2004 1:05 PM
To: 'rule-comments@sec.gov'
Subject: (s7-19-03) Shareholder Nominations to Boards of Directors

Dear Sir/Madam,

I applaud the SEC's plan to make it easier for shareholders to nominate
directors and introduce proposals to the annual company proxies (wall st.
journal march 22nd, pg A1).

Clearly, you will experience heavy lobbying by Wall St. and large companies.


But it is also clear that boards of directors, as they currently stand,
serve the interests of management and The Board rather than the interests of
the shareholder owners of the companies.  Yes, corporate officers may own
more shares than the average individual investor, but they seldom own a
majority stake in the company.

It is about time that shareholders be given the opportunity to determine the
direction of the companies we own.  We, the shareholders own the company and
the executives and Board work for us.  It is time that we have the power to
remind them of this.

Regards,
Pete Cram