On August 22, 2012, the U.S. Securities and Exchange Commission (SEC) issued a 357-page set of rules of compliance for the Dodd-Frank Section 1502. The main objective behind this mandate was to ensure that SEC-reporting organizations utilizing “conflict minerals” or “3TG” sourced from the Democratic Republic of the Congo (DRC) or adjoining central African countries are not financing atrocities in these regions. Under the Dodd-Frank Section 1502, organizations need to file reports with the SEC disclosing the origin of the conflict minerals - whether from the DRC or, recycled or scrap sources, and furnishing details of processes performed to reach these conclusions. The mandate also requires them to trace the source and chain of custody, suppliers, smelters/refiners, and provide audited reports on due-diligence efforts to the SEC as well as disclose details on public website.

This rule has impacted organizations across multiple industries including retail, electronics, appliances, lighting, automotive, energy, food, medical devices, aerospace, jewelry and other consumer goods. For organizations to be able to provide accurate reports, they first need to establish a conflict minerals program with a well-structured compliance framework, an internal diligence infrastructure to meet the SEC reporting obligations, and a visible supply chain model to ensure responsible sourcing. In this discussion, Lawrence M. Heim, Director at The Elm Consulting Group International LLC, and Sonal Sinha, Associate Vice President of Industry Solutions at MetricStream, will share best practices for effectively complying with the Section 1502 of the Dodd-Frank Act and discuss how organizations can:

  • Establish an efficient conflict minerals program by implementing policy, risk, and audit controls
  • Identify and track potential conflict minerals in the supply chain
  • Leverage technology to maintain an effective conflict minerals program


Join the webinar
The webinar is scheduled to take place on Thursday, November 29, 2012at 11 am Eastern Time. To register for this webinar, and to learn more about this webinar and the speakers, please click here.

About MetricStream

MetricStream, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-Tech and Manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and R&D center in Bangalore, India, and sales and operations support in 12 other cities globally. (www.metricstream.com).

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