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Court Upholds Conflict Minerals Rule

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HaileyMcK
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Re: Guess we'll all just have to find out as we go.
HaileyMcK   8/28/2013 12:56:48 AM
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@RyanL, it's a nice dream you have for this...and one that would be lovely to realize. I agree that its probably a long shot,but perhaps we can find a better balance between complete visiblity and now visiblity. Stay tuned...i recently talked to guy about this and he gave me some great tips which i will share.

RyanL
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Re: Guess we'll all just have to find out as we go.
RyanL   8/27/2013 9:04:11 PM
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I would love to have them issue a statement that says "here is my supply chain" linked all the way back to a mining corporation that states with no evidence to the contrary that they do not support any guerilla war efforts in the region. I highly doubt that level of transparency will happen, and I'm sure part of that will be due to people not wanting their competitors to know where they source their materials. There is something to be said about that too, companies need to be able to keep their sources out of the lime light sometimes in order to maintain that cost effective edge. It's a big mess, and honestly I'm not sure it will help the situation. We obviously do not want to be directly funding organizations that perpetrate terroristic acts upon civilian populations. However, how does one gurantee that a statement is in fact true? Are auditors going to start in the DRC with the mining corporations making sure that they track every penny. Something tells me we'll find some auditors missing under mysterious circumstances. I think for now the vagueness will be a necessary evil until the SEC clarifies exactly what level of reporting they will except. And once they do, expect it to only be as clear as spelled out.

 

AT some point, these things become the cost of doing business, don't they? Tell that to my customers! Every little price increase is a gripe, and more often then not people keep pressing for a price reduction. I'm not saying that it's right, but it's a tough place out there right now. It makes people want to shop around, and a lot of times these days that leads to overseas for production needs. And that will be a very interesting thing for the SEC to try to regulate.

HaileyMcK
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Re: laggards
HaileyMcK   8/26/2013 2:37:27 PM
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I think awareness is pretty high and now organizations are tyring to identify the best and most pratical path forward. It may happen sooner than we think.

pocharle
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Re: Guess we'll all just have to find out as we go.
pocharle   8/24/2013 10:41:43 AM
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"Its sad to let such a thing which shows promising aspects to be decided on cost..."


Isn't that the case with everything???

FLYINGSCOT
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laggards
FLYINGSCOT   8/23/2013 11:24:04 AM
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It does not surprise me many companies are behind in starting this activity but I do hope they get started on this important issue of compliance.

R.J.Matthews
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Re: Guess we'll all just have to find out as we go.
R.J.Matthews   8/23/2013 10:21:36 AM
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The reality is the conflict mineral issue is not going to go away and there are likely to be tougher and more far reaching regulations than Dodd Frank on the way.

http://www.mapi.net/system/files/PA-123_0.pdf

http://blogs.ptc.com/2013/08/16/new-conflict-minerals-rule-eu-and-canada-to-follow/

NAM has just lost the plot trying to drag things out in the courts rather than actually wise up and deal with it.

The lawyers must be happy though.

nimantha.d
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Re: Guess we'll all just have to find out as we go.
nimantha.d   8/23/2013 5:23:14 AM
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@Pcharles: Yes cost will be something which will decide the fate of it. Its sad to let such a thing which shows promising aspects to be decided on cost but right now there is no other alternative.       

pocharle
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Re: Guess we'll all just have to find out as we go.
pocharle   8/22/2013 9:57:46 PM
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The cost will definitely rise when all components are legitimate.

HaileyMcK
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Re: Guess we'll all just have to find out as we go.
HaileyMcK   8/22/2013 9:10:55 PM
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anti-counterfeiting, conflict minersals...it seems as if everything has the potential to make component costs going up. AT some point, these things become the cost of doing business, don't they? Once compliance is generally achieved, the cost of it should go down.

HaileyMcK
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Re: Guess we'll all just have to find out as we go.
HaileyMcK   8/22/2013 9:09:27 PM
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@RyanL, if you ruled the world, what would you want to get from your distributors? Do you think this vagueness is a necessary evil or is there a way to address it?

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