White Paper: The SEC Conflict Minerals Rule - 5 Best Practices for Compliance

• By: ComplianceOnline
• Date: July 08, 2014

The SEC conflict mineral rule that came into force on January 1, 2013 has led to widespread confusion over applicability and what the law requires. Companies are also unsure of what processes to adopt in order to comply with the rule’s requirements and what they are expected to report to the regulator.Ignoring the rule can come at a high cost – businesses can be sued for fraud and face regulatory action.If a company is found to have used a mineral from a supplier that is supporting human rights abuses,the damage to its reputation can be irreparable. This white paper provides an overview of the conflict minerals issue, explains the SEC rule and provides five best practices that can be adopted in order to ensure regulatory compliance.

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