Date: Tuesday, December 10, 2013
Time: 2:00 pm, Eastern Daylight Time (New York, GMT-04:00)
- On July 23 of this year, the Securities and Exchange Commission successfully defended the Conflict Minerals provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act in a civil action brought against it in the United District Court for the District of Columbia by the National Association of Manufacturers, the US Chamber of Commerce and the Business Roundtable.
- As a result of this ruling, many executives of global companies are subject to the Conflict Minerals provision of the Dodd-Frank Act and must ensure reporting compliance through the collection, tracking and reporting on the use of tin, tantalum, tungsten and gold sources at the product and part level across multiple tiers of their supply chains.
- This educational webcast will cover the implementation details that every corporation needs to know around conflict minerals compliance.
- David Asplund, Director – Corporate Environmental, Health & Safety, Juniper Networks
- Jennifer Shepherd, Principal and Co-founder, Canyon Snow Consulting LLC
- Bindiya Vakil, Founder and CEO, Resilinc
Under the Conflict Minerals provision, a company that uses any of the designated minerals is required to conduct a reasonable “country of origin” inquiry that must be performed in good faith and be reasonably designed to determine whether any of its minerals originated in the covered countries or are from scrap or recycled sources. Companies that are required to file a Conflict Minerals Report also must exercise due diligence on the source and chain of custody of their conflict minerals, and their due diligence measures must conform to a nationally or internationally recognized due diligence framework, such as the due diligence guidance approved by the Organization for Economic Co-operation and Development (OECD).
If a company cannot reasonably conclude after its inquiry that its gold is from recycled or scrap sources, then it is required to undertake due diligence in accordance with the OECD Due Diligence Guidance, and get an audit of its Conflict Minerals Report.