Dec. 4, 2012
/PRNewswire/ -- Resources Global Professionals ("Resources"), a leading multinational provider of professional services and the operating subsidiary of Resources Connection, Inc. (NASDAQ: RECN), announced today that the company has launched a Conflict Minerals Solution under the Supply Chain practice area to assist companies with meeting their new conflict minerals compliance and disclosure requirements under the recently adopted SEC reporting rules.
According to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, SEC reporting companies will be required to annually disclose their use of conflict minerals. The final SEC ruling passed in August requires comprehensive compliance due diligence starting in
, with the first filing due
May 31, 2014
. Conflict minerals originate in the
Democratic Republic of Congo
and/or adjoining countries and can be found in a wide variety of consumer products and industrial electronics, including cell phones, computers and televisions in industries ranging from aerospace to telecommunications.
"We believe that complying with these new disclosure requirements is going to be a daunting and time-consuming task for many companies. That's where Resources can help," stated
, Senior Practice Leader of the Supply Chain Management practice. "Resources has extensive institutional knowledge of supply chain, audit and compliance issues which enables us to deliver an efficient and compliant due diligence methodology to determine a client's conflict minerals exposure in a timely and cost-effective manner."
Resources has created a comprehensive conflict minerals solution including a Quick Diagnostic to help scope, plan and budget for compliance; a Due Diligence Package to ensure initial and sustainable compliance; and a Training Program to prepare clients and their suppliers.
Resources' global footprint allows deployment of seasoned consultants anywhere in the world. To further enhance our ability to serve our clients, Resources offers a proprietary content management software, policy IQ, to assist and monitor the conflict minerals compliance process, including all necessary documentation and approvals.