Managing Supplier Resistance & Compliance for Conflict Minerals

Apr 8, 2014 6:00 AM ET
Campaign: Conflict Minerals

Timely supplier responsiveness is a key enabler for conflict minerals compliance. During the 2013 reporting year, Source Intelligence found that suppliers can take as long as 180 days to respond to a reporting company’s (issuer) conflict minerals inquiry. Delays in collecting responses were exacerbated by resistant suppliers who lacked awareness and understanding of the Dodd-Frank Section 1502 conflict minerals disclosure regulation. Across core steps in the compliance process, determining the chain of custody of minerals requires a significant amount of supplier engagement. For 2013 compliance, this proved to be extremely time-consuming as requests for information had to be passed through multiple tiers in the supply chain.  In some cases, issuers who started compliance programs late in the year found it difficult to engage enough suppliers.

For more insight and a broader understanding click HERE to download the new ("Overcoming Supplier Resistance - How educating suppliers impacted responses to conflict minerals regulation in 2013”)  Source Intelligence paper. Source Intelligence is the leading provider of Conflict Minerals compliance programs and is here to assist with any issues industry supply chains face in reaching compliance and is also providing complimentary access to their exclusive Webinar library. Source Intelligence webinar's are fundamentally resourceful for those seeking to attain supply chain transparency, sustainability, and compliance within their industry. 

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