SEC conflict mineral compliance
Your company knows it has to do something to prepare a 2013 report regarding conflict minerals. You've been asked to find out what and how, but you're not sure what needs to be done. There are seeming conflicts in the US Securities and Exchange Commission (SEC) compliance mandates — for instance, if your smaller upstream distributors don't have to disclose their conflict minerals yet, how are you supposed to find out (from them) whether there are regulated substances affecting your supply? Further, some rule definitions are vague. And while your company's supply transparency is good, it isn't granular enough to be able to confidently disclose that a certain quantity of tungsten, say, came from a certain mine or smelter in or near the Democratic Republic of Congo, Africa — that kind of detail isn't even available. One possible solution? Some compliance professionals just hope the SEC isn't too hard on companies that do nothing.
Actio has a better solution. Actio's conflict mineral software is based on a proven supply chain substance tracking and regulatory assessment system over 15 years in the making. Just knowing about Actio's solution is valuable information for your company.
It's a game-changer Actio's software platform was called "a game-changer" earlier this year, lauded by Gartner, the global technology analyst firm, and was recently awarded top score in the prestigious annual product competition, the Environmental Leader Technology Review— where independent judges evaluate and rank market-proven products. Actio's solution exceeds expectations. Experts call it "a game-changer," "disruptive technology," "enormously helpful and cost effective." Ask to see a demonstration of this exciting SEC conflict mineral solution.
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Automating conflict mineral compliance— is it possible? The toughest part of SEC's conflict mineral compliance is communicating regularly and reliably with stakeholders internally and in the supply chain network about raw materials at the substance level.
Secure, award-winning Material Disclosure software has been lauded by Gartner and – just recently – by an independent judging panel in Environmental Leader. Analysts and judges from Fortune 100 companies studied the product in depth and understood its benefits. With Actio software solutions, companies are able to protect trade secrets while managing governance and risk assessment issues associated with certain substances of concern in a global supply chain. Automated compliance is possible. It is in practice today in the real world. Now your company can be safe from complications arising from Washington's SEC / Dodd-Frank legislation as it applies to substance tracking from the African Congo and other noted geographical areas.
Find out about this ground-breaking Conflict Mineral solution today.
- Study Guide: Conflict Minerals (Download, no registration or fee)
- SEC Compliance in 5 Steps (How to, Actio Blog)
- Control Mining Rights in the DRC (How to, Article, Circuits Assembly mag)
- Software for Regulatory Assessment (Actio software profile)
- The SEC Dodd Frank Rule, Original (SEC website)
- Technology Fact Sheet, What Works for Compliance (Software fact sheet)
- More, please contact us