Lessons learned from Conflict Minerals compliance

goldsmeltingIf you have been wishing that the Conflict Minerals compliance requirement of the Dodd-Frank Act was going to just go away, I am afraid that your wish has not come true.  This provision – applicable to any SEC filer who manufactures or contracts to manufacture products with Tin, Tantalum, Gold or Tungsten (or their derivatives) – are directly impacted, with companies all over the globe finding themselves impacted as suppliers to these organizations.

Already four months into 2013, companies who are subject to the provision need to act now to prepare for reporting.  For those just getting started, the good news is that many companies have already had these efforts under way for some time – and as more companies begin the detailed work of getting compliance, there are more lessons learned and best practices to share.

Challenges, Lessons Learned, and Practical Considerations

This Tuesday, Resources Global Professionals partnered with the law firm of Crowell & Moring to do just that.  Thought leaders from both organizations teamed up to present “Conflict Minerals & Gaining a Competitive Advantage: Challenges, Lessons Learned, and Practical Considerations”.

Danielle Sugarman, an associate at Crowell & Moring, reviewed the details of the Conflict Minerals provision, while Jon Wesoky, the Global Managing Director of RGP’s Supply Chain Practice, illustrated some critical lessons learned by companies who have begun their efforts to become compliant with Dodd-Frank’s Conflict Minerals provision.  Through countless discussions with companies across the globe – both SEC filers who are directly subject to the rule and companies who supply materials to those subject to the rule – Mr. Wesoky and the RGP Supply Chain Practice are able to share best practices to overcoming common strategic and logistical challenges of conflict minerals compliance.

As a partner at Crowell & Moring, Morris Defeo leads their Middle East and North Africa practice, and is a thought leader in the area of Conflict Minerals compliance and reporting.  Mr. Defeo provided an overview of the risks and responsibilities of organizations – and illustrated some practical ways to manage expectations appropriately.

Review the webinar at your convenience

If you are just getting started with your Conflict Minerals compliance program – or if you have not taken any action just  yet – I would encourage you to check out the recording of this highly informative webinar.  You can access the webinar here at your convenience.

Contact us and find out how RGP and policyIQ can help!

We also encourage you to reach out to us and the team at RGP if you want to learn more about your obligations under the Conflict Minerals provision, how RGP subject matters experts can help, or how policyIQ can provide the technology you’ll need to gather relevant data – contact us today!

This entry was posted in Business Lessons, Industry News, Solutions, Training and tagged , , , , 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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