23 May '13, 4am

Time to Saddle Up on Conflict Minerals: Companies waiting to implement a conflict minerals compliance program

If you thought you could get away without implementing a conflict minerals compliance program because the US Court of Appeals was going to throw the rule out, you'd better take a second look at that strategy. That's because the same court hearing a similar case ruled in April that it lacked jurisdiction to hear the case, leaving the rule intact. For those of you completely in the dark, the US Securities and Exchange Commission adopted in August 2012 a regulation under Section 1502 of the Dodd-Frank Act that requires publicly traded companies to annually disclose information on the source of conflict minerals -- including tantalum, tin, gold, or tungsten sourced from covered countries, mostly in Africa -- contained in their products. Companies will have to begin to file this with the SEC information in 2014, based on 2013 data, and to disclose that information on their webs...

Full article: http://www.ebnonline.com/author.asp?section_id=3116&doc_i...

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