April 25, 2014 – May 2, 2014
The summaries provided in this Weekly Recap do not necessarily represent the views of Squire Sanders (US) LLP and should not be deemed to be endorsements of them. The Recap is intended to be a compilation of articles and events to encourage discussion within the conflict minerals community and to keep our readers updated on the most recent developments.
SEC Releases Statement on Conflict Minerals Rule
Last week, the SEC’s Director of the Division of Corporation Finance released a statement on the effect of the Court of Appeals decision on the conflict minerals rule.
In its statement, the SEC indicated that it expects companies to file reports by the June 2, 2014 filing date and stated that those reports “should comply with and address those portions of Rule 13p-1 and Form SD that the Court upheld.”
For more information, see Dynda’s blog post titled URGENT – SEC Releases Statement on Conflict Minerals Rule.
Minnesota State Bar Association Adopts Conflict-Free Minerals Policy
According to an Enough Project blog post titled Minnesota Lawyers Support Conflict-Free Initiative, last week the Minnesota State Bar Association (MSBA) adopted a conflict-free minerals policy.
The MSBA’s resolution reads as follows:
Therefore, be it resolved that the MSBA support the efforts of companies to purchase conflict-free minerals and support transparent supply chains in the DRC;
Be it also resolved that the MSBA will purchase, and encourage MSBA members to purchase, electronics products from the high ranking companies noted in the Enough Project’s Conflict Minerals Company Rankings.
The Enough Project blog post notes that lawyers interact with electronics on a daily basis (whether it be reading and responding to e-mails on a mobile phone or drafting a brief on a laptop computer) and because they are educated consumers, they can encourage responsible practices in the electronics trade.