Washington (Aug. 14, 2002) -- In conjunction with the passage of the Sarbanes-Oxley Act of 2002, the Securities and Exchange Commission is gearing up to unveil rules that would require corporate lawyers to report evidence of misconduct to their respective boards.

"Lawyers for public companies represent the company as a whole and its shareholder-owners, not the managers who hire and fire them," SEC chairman Harvey Pitt told attendees in an address before the American Bar Association.

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