S7-19-03:From: Stevens Robling [SRobling@LIATIGroup.com]
Sent: Monday, December 01, 2003 2:49 PM
To: 'rule-comments@sec.gov'
Subject: S7-19-03: 



Steve Robling
Managing Director
LIATI Group LLC
17 State Street
3rd Floor
New York, NY  10004
P 212.269.0003
F 212.269.0009
srobling@liatigroup.com

As a former corporate governance consultant to CalPERS, and a member of the 
Audit committee of the board of a public company, I wanted to express my 
support  for S7 19 03. The  scandals of recent years such as Tyco Worldcom 
and Enron would probably not have occurred if  qualified indenendent directors 
such as those that would be appointed by the shareholders themselves, had 
been in place on the boards of those companies. by failing to support S7 19 03, 
the SEC is inviting more such malfesance, to the detriment of the stockholders 
that the commission is responsible to protect.  It is also giving a blind eye to 
corporate cronyism that is a disgrace to the free enterprise system. With the 
mutual fund scandal, the SEC let the horse leave the barn before it acted. The 
Commission should avoid another blunder, and do whatever it takes to facilitate 
the appointment of independent directors by stockholders.