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The Sarbanes Oxley Act of 2002 required the SEC "to prescribe minimum standards of professional conduct for attorneys appearing and practicing before the SEC in any way in the representation of issuers." This article focuses on the qualified legal compliance committee (QLCC) -- a special board committee that issuers may create under the new rules -- and considers what a company stands to gain by setting up a QLCC.
June 05, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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