For anyone who’s read the 350+ page SEC Dodd-Frank Section 1502 final rule, there’s one conclusion: the complexity of compliant due diligence and the accompanying reporting requirements can lead to startling exposure for your Senior Management, your Company and your brand.
Get the facts behind compliant due diligence.
Reporting requirements to publicly disclose the origin of gold, tin, tantalum and tungsten (3TG) used in products began on January 1, 2013 and requires specialized due diligence capabilities when evaluating your suppliers.
The practical experience needed to determine how many suppliers a company should be worried about, which suppliers are in scope, and which private companies could possibly still be affected (due to the impact their products have on a publicly traded company’s supply chain) can scarcely be understood right out of the gate. According to SRZ’s recent conflict minerals white paper: The unprecedented complexity of the Conflict Minerals Compliance project will be one of the most intense undertakings for companies, and requires significant orchestration across many locations, divisions and departments internally and externally. A robust management solution is required to manage suppliers and many companies will need to look to third-party software and service solutions to tackle data collection, documentation management and reporting.
Date: Wednesday, April 10, 2013
Time: 1 PM ET / 10 AM PT