Institutional Investors

"[W]e consider electronic disclosure to be one part of the broader issue of the proxy process and, as discussed in our October 14, 2005 letter entitled Investor Response to 'Coalition Views on Shareholder Communications' (Re: SEC File Number 4-493), we repeat our strong interest in a working group of relevant market participants led by an objective, impartial chair to discuss how the process might be strengthened." Ann Yerger, Council of Institutional Investors, SEC Comment Letter, February 8, 2006, SEC File No. S7-10-05.

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