The controversial attorney reporting rules adopted by the Securities and Exchange Commission, as mandated by Sarbanes-Oxley Act Section 307, are explained in this concise new reference.
Reporting Duties of Corporate Attorneys: SEC Rules and Explanation walks you through each reporting requirement, including investigating, evaluating, documenting and reporting evidence of a material violation. The book also explains the qualified legal compliance committee (QLCC), an optional new form of board committee that companies may establish to receive and address reports of wrongdoing.
Related issues are covered as well, such as supervisory and subordinate attorney duties, the safe harbor for disclosing confidential information necessary to defend against misconduct charges, the effect of parallel state ethics proceedings, and the safe harbor for good faith compliance. The clear, comprehensive guidance helps securities attorneys, corporate counsel and even corporate officers comply with the "up-the-ladder" reporting duties and avoid SEC disciplinary action.