A PROPOSAL TO ENCOURAGE UP-THE-LADDER REPORTING BY INSULATING IN-HOUSE CORPORATE ATTORNEYS FROM MANAGERIAL POWER

After the 2001 financial collapse of publicly traded Enron Corporation-caused by alleged accounting fraud-the US. Congress included Section 307 in the Sarbanes-Oxley Act of 2002 (“Section 307”). Section 307 requires in-house corporate attorneys to report instances of corporate wrongdoing and fraud at their companies “up the ladder” to senior…

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