From: CathyCyrus@aol.com
Sent: Tuesday, July 09, 2002 1:34 PM
To: rule-comments@sec.gov
Subject: File #S7-18-02


Alll stock options for executives and board members should be put to shareholders approval.  All
compensation for executives in any form should be clearly disclosed in the annual statement in
plain language.  There should be a formaula of pay for executive as not more than 40 times the
average worker's pay.

Independent board members need to communicate on relevant issues to the shareholders and their
record on voting on issues relevant to shareholders should be published.

No board member should have any interlocking directorship with any of the executives of the
company or other board members or be related by blood or marriage.