From: jonsalhi@yahoo.com
Sent: Wednesday, December 03, 2003 2:19 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

The U.S. Securities and Exchange Commission is finally on the
verge of adopting historic corporate accountability reforms. 

Many corporate boards award outrageous pay and retirement perks
to corporate executives because they themselves are on a board
and will receive those same outrageous perks. Self-serving
executives destroy entire corporations and walk off with
millions, leaving shareholders, workers and communities to
suffer the consequences. 

Giving shareholders a voice in picking corporate directors could
put an end to the "Imperial CEO." As proposed by the SEC, the
rules contain certain barriers, including high ownership
thresholds and a cumbersome two-year process, which would make
them difficult for investors to actually use. 

The SEC must reject overly constraining barriers and adopt final
rules that will give shareholders a voice in picking directors
at America's largest corporations. Corporate reform must be
something investors actually can use. 



Sincerely,

Sally Chase Clark
18205 Little Tujunga Cyn Rd
Santa Clarita, California 91387-5008