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Article

31 Jan 2012

Author:
Green Research, sponsored by Global Witness

[PDF] The Costs and Benefits of Dodd-Frank Section 1502 - A Company-Level Perspective

The purpose of the study is to gather and share information that may be useful to the SEC’s rulemaking process and to industry. It aims to paint a picture of the costs and benefits of compliance with Dodd-Frank Section 1502 [on "conflict minerals" from Dem. Rep. of Congo] at the level of individual firms. This information is designed to provide some insight that will help companies follow best practices, minimize the costs of compliance, and take advantage of the business benefits that the process of compliance may present...This report benefited from interviews with executives at more than 20 global companies affected by Dodd-Frank Section 1502...[Among] the key findings:...Section 1502 compliance costs will vary widely with the size and complexity of companies’ supply chains but seem to be manageable for all company sizes. [refers to Advance Micro Devices, Alcatel-Lucent, Applied Materials, ArcelorMittal, Automotive Industry Action Group (AIAG), AVX Corporation, Claigan Environmental, Dell, Elm Consulting Group International, Ford Motor, Intel, Johnson & Johnson, KEMET Corporation, PTC, Retail Industry Leaders Association (RILA), Resilinc, Seagate Corporation, Target Corporation, Toyota Motor Engineering & Manufacturing, TriQuint Semiconductor, Xerox Corporation]