Global Brands Seek Expert Insight as They Begin Implementation of their Conflict Minerals Compliance Programs
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“How should we select suppliers?”, “What will the effect be on non-public companies?”, “What percentage of suppliers are "enough" in order to be compliant?”, “Are their systems which can assist?”
There certainly was no shortage of questions during today’s Source Intelligence Conflict Minerals webinar where industry experts discussed the complexity of implementing a compliant Conflict Minerals Compliance Program with sufficient due diligence and required reporting.
The SEC’s Dodd-Frank Section 1502 reporting requirements to publicly disclose the origin of tin, tantalum, tungsten and gold (3TG) used in products is aimed to stop address conflicted practices including associated with mining of these minerals.
The timing for this webinar could not have been better. As annual meetings of shareholders take place, board members across the globe are including meeting resolutions to address supply chain sourcing practices that can expose a company and pose a risk to shareholder value. Conflict Minerals supply chain risk is just the tip of the iceberg.