May 15, 2009
The Proxy Ballot lacks a reasonable measure of the fairness in favor of The Board of Directors. In fact the The Proxy Ballot mirror The Board of Directors preferences without consideration of the Shareholders. On the Electronic Proxy Ballot one click to Vote with The Board's Recommendations. There is no where to click to vote with the Shareholders Recommendations on an electronoc Proxy Ballot in fact I have never seen a Shareholders Recommendation on a Proxy Ballot. I have seen Shareholders Proposals which the Board of Directors Recommended to vote against. Hardly seems fair to allow the Board of Directors to make recommendations on a Proxy Ballot. That interferes with the process of an election by depressing the vote share of the rival Shareholders. Recommendations have no place on a Proxy Ballot by the Board of Directors or Shareholders
The Proxy Ballot whereby the Board of Directors makes recommendations on the Proxy Ballot interferes with the process of the election by increasing the vote share of the Board of Directors and depressing the vote share of the rival Shareholdersto bring about a desired election outcome.
From Wikipedia,
Electoral fraud is illegal interfere with the process of an election.
Acts of fraud tend to involve affecting vote counts to bring about a desired election outcome, whether by increasing the vote share of the favored candidate, depressing the vote share of the rival candidates, or both.
The Proxy Ballot is not fair for Shareholders The Proxy Ballot should not contain Recommendations of the Board of Directors or Shareholders.
Recommendations Should be in the Proxy Statement Only.
Mrhedge@aol.com