Just two weeks before companies are required to begin filing reports with the Securities and Exchange Commission on the presence of conflict minerals in their products, confusion reigns.
The fog is beginning to clear. High-tech and other types of manufacturers are getting a better idea of what they must do in order to conform to new requirements for disclosing the presence in their products of conflict minerals from the Democratic Republic of the Congo (DRC) and neighboring states. Still, a number of questions remain unanswered.
No one appears completely happy with the U.S. Securities and Exchange Commission's new rule on tracking the presence of conflict minerals from the Democratic Republic of the Congo in high-tech and other types of products. Comments on SEC's action range from outright opposition to quibbling over details.
Moving at the blinding speed of bureaucracy, the U.S. Securities and Exchange Commission has finally adopted a rule that requires manufacturers to report on their use of conflict minerals from the Democratic Republic of the Congo.