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Public Companies Fail in Dodd-Frank Compliance

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Eldredge
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Supply Network Guru
Re: Only 4% ?
Eldredge   4/24/2014 8:55:40 PM
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@Hailey - Unfortunately, that result (higher complexity thatn expected) is often the case with well-intended regulations.

FLYINGSCOT
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Supply Network Guru
ramification
FLYINGSCOT   4/24/2014 8:47:31 AM
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If a company does not comply is it fined or is it punished simply by losing business from non compliant products that are either banned from sale or shunned by socially responsible customers?  

Rich Krajewski
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Supply Network Guru
Re: Will
Rich Krajewski   4/24/2014 12:49:39 AM
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"This is a reporting requirement, not an avoiding one"

Is everyone in the world bound by the requirement? If not, then restricted materials will still flow, but the price at the restricted source will go down due to the restriction in number of buyers, while the price on the legitimate market will go up, due to the reduction in legitmate sources. A shady middleman will then have the financial motivation to buy from the restricted source, "launder" the goods to hide the source, and sell to the legitimate market at a high markup.

Hailey Lynne McKeefry
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Blogger
Re: Only 4% ?
Hailey Lynne McKeefry   4/23/2014 7:27:24 PM
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@Nemos, compliance is proving more complex and time consuming than anyone suspected. Just getting a supplier partner to provide information is taking an AVERAGE of six months...

Hailey Lynne McKeefry
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Blogger
Re: Will
Hailey Lynne McKeefry   4/23/2014 7:23:46 PM
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This is a reporting requirement, not an avoiding one. Knowledge is power. I suspect that if buyers vote with dollars, organizations will get on board. Right now, it's still a differentiator rather than table stakes.

Nemos
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Supply Network Guru
Only 4% ?
Nemos   4/23/2014 3:34:22 PM
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"Only 4% of companies have finished drafting their filings for the mandated conflict minerals rule,"

This percentage is too low actually, although the majority is trying to catch up the deadline, but do we know why still are behind?

Nemos
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Supply Network Guru
Re: Will
Nemos   4/23/2014 3:29:28 PM
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It depends from the ethics code inside the borders of the company, but in general Companies just follows rules that the state applies.

Rich Krajewski
User Rank
Supply Network Guru
Will
Rich Krajewski   4/23/2014 1:10:11 PM
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Will avoiding conflict minerals just lower the price for companies and countries that don't care where they get their minerals?



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