Yesterday, the SEC promulgated rules associated with section 1502 of the Dodd-Frank Act, or the Conflict Minerals Law as we informally call it. We intimated in a post yesterday that this rule would have a profound impact on manufacturing organizations. Many organizations "are already doing it," according to Mickey North Rizza, now vice president of Strategic Services at BravoSolution, and formerly of AMR Research and Gartner. "This is all about risk management."
Readers can review the rules in their entirety.
We asked Rizza to describe what she sees as the steps manufacturing organizations will need to take to comply with the new rules. "It's about collecting the data, analyzing and reporting on it and putting it into a process, with a few key process changes," said Rizza, suggesting companies need to ask themselves a few easy questions: