2016 Informex

Conflict Mineral Disclosure: Insight into Development International’s 2014 SEC Filing Evaluation (Room Blue Theater)

04 Feb 16
10:45 AM - 11:15 AM

Tracks: Specialty

What does tin, tungsten, tantalum, and gold have to do with the Wall Street Reform and Consumer Protection Act of 2010? A whole lot it turns out. Tucked away in the Act is a disclosure law targeting these four raw materials that originate from the DRC (Congo). Section 1502 of the law requires public companies to report the origin of the so-called “conflict minerals” contained in their products. Development International (DI) evaluated 1,271 public companies’ “conflict mineral” filings for reporting year 2014 to offer an independent perspective on filers’ conformance with the SEC Rule. The evaluation’s principal instrument features compliance criteria, juxtaposed with a “good practice” metric. DI’s presentation will provide an overview of the act, describe the two evaluation metrics, highlight disclosure results and issues we observed in our evaluation, as well as anticipate reporting challenges for the 2016 disclosure round.