From: joywood2@earthlink.net
Sent: Tuesday, December 02, 2003 8:40 PM
To: rule-comments@sec.gov
Subject: Re: File No. S7-19-03



Secretary Jonathan Katz
Securities and Exchange Commission Re: File No. S7-19-03
450 Fifth St., N.W.
Washington, DC 20549

Dear Secretary Katz,

Re: File No. S7-19-03

It is very exciting that the U.S. Securities and Exchange
Commission is on the verge of adopting historic corporate
accountability reforms. I am writing to offer supporting
comments on SEC proposal S7-19-03 regarding security holder
director nominations. 

There is something wrong in this country when corporate CEOs are
each paid millions of dollars and yet 24% of American workers
earn less than $8.70 per hour. Corporate reform is clearly
needed and by giving shareholders a voice in picking corporate
directors, the reforms put forward by the SEC have the potential
to make important changes in the role and power of CEOs.

The proposed rules, however, contain certain barriers, including
high ownership thresholds and a cumbersome two-year process,
which would make them difficult for investors to actually use. I
urge the SEC to reject the overly constraining barriers and to
adopt final rules that truly will give shareholders a voice in
picking directors at America's largest corporations. Corporate
reform should be something investors actually can use.



Sincerely,

Joy Wood
127 West Park Avenue
Haddonfield, New Jersey 08033-3730