From: Betty & Bill Trought [paradox@greenvillenc.com]
Sent: Friday, November 08, 2002 4:05 PM
To: rule-comments@sec.gov
Subject: File No. S7-36-02

As a mutual fund shareholder who will be retiring shortly I would like to comment 
on this proposed rule.  

 

I think this will be a very helpful change for shareholders.  I find myself very 
confused over what my mutual fund managers are doing and why. Mutual fund shareholders 
will finally have a right to know how their fund managers are voting their proxies, 
and I hope because fund managers will be more accountable, they will be less likely 
to vote down the line with company management and more likely to vote in the best 
interests of their shareholders.  This in turn could have a beneficial impact on 
corporate governance and corporate social responsibility.  Thus, the proposed rule 
not only has the potential to make mutual funds more accountable to their shareholders, 
but to make corporations more responsible to their shareholders as well -- and to 
society at large.

 

Thank you for this opportunity to comment

 

Elizabeth A Trought