Author:  RULE-COMMENTS at os1
Subject: File No. s7-25-97
Author:  Kevin Richardson <kevinr@apple.com> at Internet 
Date:    12/1/97 3:48 PM
     
     
I am writing regarding File No. s7-25-97.  I understand the legislation 
regarding allowing anyone with over 3% to automatically bring issues 
before the stockholders meeting.  Because founders often have around this 
amount, this allows the original founder to stay involved (particularly 
important around the time of a new IPO, if issues arise between the 
founder and other early investors).
     
However, I am not sure why only financial issues and/or issues impacting 
3% of the companies profits and revenues would be able to be brought 
before the stockholders meeting. I would think that companies would want 
to address human rights issues (international and domestic) as well as 
other significant social resolutions, early in the process, and this bill 
might negatively impact their ability to do so.
     
Can you explain this further to me or point me to more information?  Can 
you revise the legislation to allow for social issues to be brought by 
groups of all sizes?
     
Thank you for your consideration.
     
Kevin Richardson