III I 1. The requirement that a proposal request or direct the company or board of its board of directors to take an action is too restrictive. Policies are often general in nature, and hard to identify as to what documentation or form they would be in for any specific company. Thus it may be nearly impossible to craft a proposal to state an exact action to take, since only the board would know how to implement any proposed policy. III I 2.
Inflation has nothing to do with corporate governance.
The only reason for a dollar amount was to eliminate proponents with only 1 or 2 shares. As to the one-year prior holding period, it should be eliminated. All stockowners should be treated similarly, and their rights begin when ownership begins, not a year later. This has been an artificial mechanism to disenfranchise one group of stockowners, and thus S.E.C. regulation creates a powerless class of stockowners. III I 3.