How Does the Conflict Minerals Provision of the Dodd-Frank Act Affect Your Company?

Publicly traded companies in a variety of industries – electronics and communications, aerospace, automotive, industrial machinery, healthcare devices, jewelry, diversified industrials, and consumer goods – that use so-called" conflict minerals" (tin, tantalum, tungsten and/or gold, also known as 3TG) in their products or manufacturing processes will face a new disclosure requirement, as a result of a provision within the Dodd-Frank Act.

The provision will impact a wide-range of functions and processes within companies from the finance and legal teams to the supply chain and procurement process to overall corporate sustainability. Because of the widespread use of these minerals, the SEC anticipates the proposed disclosures would affect as many as 6,000 issuers.

The SEC expects final rules to be issued by the fourth quarter of 2011, with the first reporting period anticipated for fiscal year ending after April 15, 2012.

This webcast addresses a summary of the proposed requirements in the Dodd-Frank Act, an overview of what companies are doing in response, and KPMG's recommended actions for companies to meet the requirements.