Calling For Clarity On Conflict Metals

Law360, New York (March 2, 2011, 12:23 PM EST) -- The 2006 film “Blood Diamond,” starring Leonardo DiCaprio, popularized international concerns about the role of gemstones in financing brutal warlord conflicts in central African countries.

Four years later, while transforming regulation of the nation’s financial institutions, Congress inserted in the Dodd-Frank Wall Street Reform and Consumer Protection Act a sweeping provision that requires publicly traded companies to disclose in their U.S. Securities and Exchange Commission filings whether their products contain “conflict minerals.”

Essentially, it is a “name and shame” scheme, providing investors with information about which...
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