Reuters (November 16)
“It will be a new day at the U.S. Securities and Exchange Commission after President-elect Donald Trump installs his choice to run the agency.” With the resignation of SEC Chairman Mary Jo White, who was a proponent of regulation, Trump’s team will have a relatively free hand. “Some rules already are marked for death or dialback.” Among them are the conflict mineral disclosure requirements and “a proposal that would require companies to disclose pay ratios between their CEOs and employees.”
Tags: CEOs, Conflict minerals, Dialback, Employees, Mary Jo White, Pay ratios, Regulation, Resignation, SEC, Trump, U.S.
Financial Times (August 23)
The SEC’s decision on conflict minerals and disclosure of payments to host governments “was long overdue” and “Despite the grumbling, most companies will benefit from a cleaner industry. The SEC has contributed to that. The EU must follow suit with equally comprehensive rules.”
Tags: Conflict minerals, EU, Payment disclosure, Rules, SEC
Wall Street Journal (July 6)
On August 22, the SEC is expected to vote on conflict minerals. A new regulation could require companies to verify and report the origins of even trace amounts of tin, tungsten, tantalum or gold. Costs could be staggering. “To comply with the law, companies will have to disclose if any of the minerals that make up the metals in their products were mined in the Congo. That means every company must trace every product back through the supply chain, and then have the findings certified by an independent third party.”
Tags: Conflict minerals, Gold, SEC, Supply chain, Tantalum, The Congo, Tin, Tungsten
