S7-19-03From: Swanson, Peter [Peter.Swanson@fanucrobotics.com]
Sent: Tuesday, March 30, 2004 9:35 AM
To: rule-comments@sec.gov
Subject: S7-19-03

I agree with the proposed rule change. 

Without the change, shareholders have no voice.  The CEOs and directors of 
public companies must remember that they work for the owners (shareholders), not 
themselves.  The rule change is necessary for accountability to the 
shareholders, and is long overdue.

Best regards, 
Peter Swanson