From: rnewz2@comcast.net
Sent: Tuesday, December 16, 2003 4:38 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

I am pleased to hear 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. 

Too many corporate boards appear eager to award outrageous pay,
and retirement perks to corporate executives. These same boards
are "paid" to be blind, and unwilling to challenge CEOs with the
tough questions their duties require. 

As we learned from Enron, WorldCom, Adelphia, and Tyco, this
lack of action has allow self-dealing executives to DESTROY
entire corporations and walk off with millions. Shareholders
loose money intended for retirement, communities (surrounding
businesses and charitable organizations) suffer with loss of
revenue, the government looses tax dollars, and employees loose
their jobs. 

Shareholders, communities and workers suffer great loss because
the boards are paid to NOT question "creative accounting"
practices authorized by the very person trusted to maintain the
vitality of said Corporation. In the real world, Jon Doe living
on Main Street in AnyTown, AnyCity, USA would be charged with
embezzlement, and imprisoned. 

By giving shareholders a voice in picking corporate directors,
the reforms put forward by the SEC have the potential to put an
end to the "Imperial CEO." 

However, as proposed, 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. 

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,

Trina Fischer
6130 Iona Road
Indianapolis, Indiana 46203