From: Douglas Estes [dce005@yahoo.com]
Sent: Wednesday, August 13, 2003 5:07 PM
To: rule-comments@sec.gov
Subject: rule-number: S7-14-03

I support rule-number: S7-14-03, however, more needs
to be done in this area.

These new rules are important, but it is also
important to keep in mind that this is only a first
step toward opening up the corporate director
nomination process. The SEC has discussed further
reforms that would make it easier for minority
shareholders to nominate directors. These are truly
crucial steps for corporate democracy.

This rule is only the first step toward opening up the
boardrooms of corporate America.

Thank you.

Douglas C. Estes
629 Arguello Blvd. Apt. 303
San Francisco, CA 94118


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