The Securities and Exchange Commission voted Wednesday toapprove a rule requiring companies to disclose any conflictminerals they use to manufacture products, a measure that criticssays will impose significant costs on companies.

The controversial regulation,which was mandated by Dodd-Frank, says companies must disclosetheir usage of tantalum, tin, tungsten and gold from the DemocraticRepublic of the Congo and surrounding African countries. The finalversion provides some leeway on recycled and scrap material, andgives companies until May 31, 2014, to file their firstdisclosure.

However, many have criticized the SEC for not fully assessingthe cost of the measure.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.