SEC Votes to Require Conflict Minerals Disclosures: Are you educated?

supply-chainLast week, the SEC formally voted and approved the rule requiring companies to disclose the use of “Conflict Minerals” in the manufacturing of their products.  The Conflict Minerals rule was a part of the Dodd-Frank Act, but controversy around the true cost of compliance and the best way to move forward has delayed a final ruling until now.

A number of small concessions in the final ruling have been made – including the ability for a company to report their products as “conflict undeterminable” (for a limited period of time) in the event that they are unable to reasonably determine the source of the materials.

If you aren’t educated yet as to what the Conflict Minerals requirement may mean to you, now is the time.  Reporting is required starting in 2013.  Check out our previous blog post – and stay tuned for more information about what policyIQ can do to help you track your supply chain.  Contact us to be connected to supply chain and compliance experts ready to help you implement your Conflict Minerals program.

This entry was posted in Industry News by Chris Burd. Bookmark the permalink.

About Chris Burd

Chris is the Managing Director of the policyIQ group at RGP. She gets geeky about compliance and technology, and gets to spend every day working at the crossroads of the two. With policyIQ since 2005, Chris has worked with hundreds of policyIQ clients to implement technology and enhance their internal compliance environment. In the past few years, she's focused on enhancing policyIQ's offering as a Conflict Minerals and Anti-Corruption tool. In past lives, Chris worked as a system implementation consultant, a e-commerce specialist, a customer service call center manager, and - for one short but memorable summer during high school - a machine operator on midnight shift in a plastics factory. In her free time, she spoils her nieces, volunteers at her local food bank, and spends more time than she should taking photos of her cats. She would like to be a rock star when she grows up.

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