From: Marcus Innis [minnis@ec.rr.com]
Sent: Monday, March 29, 2004 3:05 PM
To: rule-comments@sec.gov
Subject: Corporate favoritisms to Boards of Directors

A firewall is certainly needed to ascertain that board of directors are 
independent , separated, and not subject to coercion  through "good ole 
boys" relationships and favoritism's  utilizing options and other  
rewards and means.  I  firmly believe, based on the known corporate 
behavior of numerous companies,  that the corporate officers and 
directors are approving  for themselves (directly or indirectly) obscene 
bonuses/raises/options/expense accounts that too often reflect greed in 
raw form. Corporate officials should not be the persons who, in effect, 
ensure who takes a seat as director  to whom the corporate officials 
answer.  Investors are regarded as pawns and are easily taken advantage 
of  both in the realm of investing and corporate governance.

The SEC may not be a firewall, but it can provide a firewall to protect 
investors who put their money on the line from manipulation and loose 
corporate behavior.

We have only seen the tip of the iceberg in corporate fraud.  A time of 
reckoning is upon us.

Marcus Innis
minnis@ec.rr.com