Take Action to Determine Parts/ Assemblies Incorporating Conflict Minerals or Their Derivatives
A new law — Wall Street Reform and Consumer Protection Act, H.R. 4173 — imposes reporting requirements relating to conflict minerals. Specifically, Section 1502 imposes Security and Exchange Commission (SEC) reporting requirements upon manufacturers if their products contain metals derived from minerals including columbite-tantalite (coltan, niobium, tantalum), cassiterite (tin), gold, worlramite (tungsten), or other minerals originated from the Democratic Republic of the Congo (DRC) or 9 surrounding countires, designated by the Secretary of State.
These new reporting requirements reflect heightened concerns regarding the role that revenues obtained from the mining and transport of certain conflict minerals play in financing ongoing conflict in the Democratic Republic of Congo (DRC). The new legislation will require all publically traded manufacturing companies to report annually to the SEC whether they use conflict minerals that are necessary to the functionality and production of a product that they either manufacture, or contract to be manufactured, but that originate from the DRC or an adjoining country.
Chrysler, Ford, GM, Honda, Nissan and Toyota issued a joint letter on April 19, 2011 to suppliers informing them of this critical issue and anticipated impact to the automotive industry.
Your company may be either directly or indirectly subject to this reporting requirement. Join AIAG on May 20 for an informative webinar to learn about this U.S. regulation, its impact on the automotive industry and receive preliminary guidance on how to prepare.
Agenda
- Conflict Minerals Background
- Relevance to the Automotive Industry
- Conflict Minerals Regulation
- Collective Action and Engagement
- Recommendations
- Q&A
Presented by
- Elly Bradford, Manager, North American Purchasing, Honda of America Manufacturing, Inc.
- Monique Oxender, Global Manager, Supply Chain Sustainability, Ford Motor Co.
- Sasha Radovich, Manager, Advisory Services, BSR
- Marilyn Smith, GM Executive Loan to AIAG, General Motors Co.
When
- May 20, 2011 1:00 – 2:00 p.m. EDT
Where
- Online, or
- In person at AIAG Headquarters 26200 Lahser Rd., Suite 200 Southfield, Mich. 48033
Pricing
- AIAG Member: Free
- List Price: $25
Register online at www.aiag.org > Events or call (248) 358-3003
