Date:    12/11/97 12:37 PM
     
     
Dear SEC:
     
Your proposed regulations (S7-25-97) will pose a major setback in the 
efforts to protect women and childrens rights both in the workplace and in 
the media. 
     
The shareholder resolution process is an absolutely indispensable tool for 
concerned investors to engage in a dialogue with company management about 
social issues, workplace practices and corporate accountability. The new 
regulations would eliminate shareholders ability to make their voices 
heard.
     
The shareholder advocacy campaign against tobacco sales to children is an 
example of the power of the shareholder resolution process to bring 
important issues to the attention of management and make sure action is 
taken.
     
American consumers are becoming increasingly enraged about sweat shops. 
Shareholder resolutions have played a crucial role in helping stop sweat 
shops, which most frequently rely on exploiting children and women both at 
home and abroad. The shareholder resolution process is already helping 
protect companies from reputational backlash. 
     
Had Nike heeded the advice of concerned shareholders in past years they 
would not be the regular target of Americas most popular cartoonist. Had 
they worked with shareholders they would not be struggling to rebuild their 
extremely damaged public image. Shareholder resolutions protect the 
financial interests of shareholders.
     
Please protect the rights of American shareholders to address corporate 
behavior. Stop these regulations from going through.
     
Sincerely,
     
John Palmer 
14 Highwoods road
St. James, NY 11780