August 31, 2007
Dear Chairman Cox:
When I first became a sharholder, I was amazed that, though I was sent at least one mail asking for approval of a resolution, I was, for practical purposes, frozen out of the decision making process. For this reason, I urge you to not curtail investors' rights to file advisory resolutions under Rule 14a-8.
Advisory resolutions play a vital role in encouraging corporations to be responsive to their owners. They help to promote improved corporate governance, greater accountability, and more meaningful disclosure.
Any actions that would restrict or eliminate advisory shareholder resolutions would be a disastrous step backwards. Please let me know what action you intend to take on this issue.
Yours sincerely,
John McDevitt