Part II: Tips for Conflict Minerals Regulatory Compliance and Reporting Posted June 20, 2017 by Jim Cramer We looked at the changing regulatory landscape in PART I: CONFLICT MINERALS 2017 AND BEYOND and now we will discuss how you can best prepare your organization. Our product compliance management team has been helping companies develop Conflict Mineral Reports and filing Specialized Disclosure forms with the U.S. Securities and Exchange Commission (SEC) for the Dodd-Frank Act for several years. We have gained valuable insights on implementing internal procedures to comply with the law. As the U.S. awaits the outcome of the recently passed H.R. 10 bill brought forward by the Finance Committee of the House of Representatives, we wanted to provide some tips to help prepare organizations for changing regulations and ensure compliance. Investigate and learn what products and components you source that may contain 3TG. The best proactive approach is to require Full Material Disclosure from your supply chain on every sourced item. The high-tech and electronics industry are Read More
PART I: CONFLICT MINERALS 2017 AND BEYOND Posted June 12, 2017 by Jim Cramer After four years of reporting annual conflict minerals information to the U.S. Securities and Exchange Commission, there is currently a great deal of discussion and activity focused on the U.S. Conflict Minerals Law. The Finance Committee of the House of Representatives recently passed bill H.R. 10 to repeal and replace the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (aka the Dodd-Frank Act) which includes the conflict minerals reporting requirements, Section 1502. To become law, the bill is required to go through the full legislative process which includes passing through the Senate. As of today, it is more probable that H.R. 10 will be divided up into a number of smaller bills that have a better chance of achieving bipartisan support for repeal of various portions of Dodd-Frank. Until action is taken, Dodd-Frank remains in effect and no date has been set for a vote in the Senate. Additionally on Read More
