Visit CAPS Research on the web at:
www.capsresearch.org
FOR IMMEDIATE RELEASE
Conflict Minerals Reporting Requirements
(TEMPE, Arizona) October 19, 2011 — The Dodd-Frank Wall Street Reform and
Consumer Protection Act of 2010 requires publically traded manufacturing companies
to submit a new annual report on the source of "conflict minerals" that are necessary
for product functionality and/or production. Conflict minerals are identified by
the United States Secretary of State as minerals whose origins can be traced to
the Democratic Republic of Congo (DRC) or other countries in proximity to the DRC
and sold to finance regional conflicts. CAPS Research recently conducted a SnapShots
benchmarking survey asking supply management organizations how they are addressing
this recent legislation.
Although very few survey participants reported their organizations have policies
and/or procedures in place to address their ability to trace minerals that fall
within the conflict minerals classification, the large majority plan on doing so
within the next year. The report also notes that 60 percent of the participants
reported their current minerals sourcing strategies will have to be changed to ensure
their products or manufacturing processes can be certified to be conflict-free.
To read more of the complimentary SnapShots benchmarking survey "Conflict Minerals
Reporting Requirements" go to the CAPS Research public website at
www.capsresearch.org.
First time visitors will be prompted to
register
to access the study. For more information about this survey
or other benchmarking reports, contact CAPS Research at
research@capsresearch.org.
Celebrating twenty-five years of research excellence! CAPS Research is a nonprofit
research organization founded in 1986 to provide leading research to our strategic-minded
corporate sponsors and to the public. Our mission is to work in partnership with
a global network of executives and academics for the discovery and dissemination
of strategic supply management knowledge and best practices. CAPS Research is jointly
sponsored by the W. P. Carey School of Business at Arizona State University, the
Institute for Supply Management™, and Global 1000/Fortune 500-size organizations.
Media Contact:
Debbie Maciejewski
Marketing Manager
CAPS Research
800-888-6276 extension 3046
Email:
dmaciejewski@capsresearch.org
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