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Petitioning SEC, NYSE, NASDAQ

Mandate ALL publicly listed companies to conduct 'Annual Shareholder Day' and mandate BOD members to take/renew 'Pledge of Ethics' in front of Shareholders on this day.

The  lynchpins of our modern capital market system are the following and regrettably this is forgotten and needs to be reminded:

1. Shareholder Capital that allow entrepreneurs to start or grow business. This is capital produced by the sweat of ordinary people in many instances life savings.
2. Board that is appointed to SERVE interests of Shareholders(Absentee owners) and the implicit Trust that shareholders have in Board that they will do the right thing for all Shareholders

The most significant and yet most ignored constituent in the modern economy are the SHAREHODLERS. Shareholders in aggregate, have invested TRILLIONS of dollars and the Shareholder deserves a day. There are 2 reasons why. Board members need to be made mindful they are representing these absentee owners who have trusted them with their capital. Board members need to commit themselves by taking 'Pledge of Ethics' that they will do the right thing for all shareholders in front of the shareholders.

Some companies already do annual Investor/Analyst day. I am suggesting 3 changes: a. Nomenclature change-call it Shareholder day and not analyst/investor day  b. Make it a Common Day for ALL public companies & c. Have Board members take the Pledge of ethics in front of the company's own Shareholders.

Below is the 'Pledge of Ethics' that each Board member would be taking every year on 'Annual Shareholder Day' in front of its Shareholders.

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Dear Shareholder,


Subject:  Shareholder Pledge

 On this Shareholder day, I would renew my pledge towards you, the Shareholders. I understand that I am steward of the capital produced by the sweat of ordinary people from all walks of life (Teachers, Software Programmers, Firefighters, Policemen, Nurses, etc). who have invested, in some cases life savings, for their retirement, education of their children, paying a mortgage in future, etc. It is these Shareholder's(Absentee owners) VOICES I am  SERVING and I have an ETHICAL DUTY to protect and maximize value and conduct in EARNESTNESS and FAIRNESS at ALL times towards ALL shareholders.

I am conscious of these EVILS: Entrenchment, Cronyism, Quid-pro-quo'ism(Eg: I'll be loyal to CEO because he nominated me to the Board), Self-Aggrandizement, Conflict of Interest/Self-Dealing, Lack of Earnestness and Lack of Fairness. I hereby take PLEDGE of ETHICS that I will TRASCEND the aforementioned behaviors and truly surrender myself in the SERVICE of ALL you Shareholders At ALL times

 
Sincerely,

Board Member

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