The following comment on Letter Type J (postcard)
Letter Type J:
Dear Mr. Katz,
I support the SEC proposal S7-19-03. It will help curb corporate corruption and end the self-perpetuating system that permits corporate boards to handpick their own directors.
This plan is a good start, but the proposed rules make it too difficult for shareholders to participate and impossible to do so in a timely manner. A shareholder would have to own shares in a corporation worth roughly $900 million to nominate a candidate and the nomination process would take two years to complete.
We need meaningful reform now to protect the retirement savings of millions of working families!