The Securities and Exchange Commission voted Wednesday to approve a rule requiring companies to disclose any conflict minerals they use to manufacture products, a measure that critics says will impose significant costs on companies. A recent study by the Graduate School of Management at the University of California at Davis says the rule will cost companies much more than regulators contend, reflecting the expense of complying and making annual disclosures.
You’ve heard of ‘blood diamonds.’ Add ‘blood smartphones’ and ‘blood oil’ to the list. The Securities and Exchange Commission voted Wednesday to finalize sweeping new rules that would effectively force companies to tell the world about their business in ‘conflict minerals’ with the Democratic Republic of the Congo or an adjoining country. This article cites Professor Paul Griffin’s latest research which suggests that this new disclosure requirement will potentially cost shareholders billions.
The Securities and Exchange Commission voted along party lines to adopt a rule requiring companies to trace and audit certain minerals as to their origination. If they come from the Congo, companies will have to submit a so-called ‘conflict minerals’ report. In this Forbes article, Professor Paul Griffin research on the matter reveals the difficulty of accurately tracking company’s supply chain and estimates that the cost to shareholders will reach the billions.
UPDATE: Andrew Barkett is leaving his post as senior engineer at Facebook to bring his decade of experience in Silicon Valley to become the first-ever chief technology officer for the Republican National Committee.The June 4 announcement has stirred a whirlwind of media coverage, including the Huffington Post and Washington Post.Bark
Agilent Technologies’ Electronic Measurement Group is a $3.6 billion business that over the past decade has seen a dramatic shift in its customer base from U.S., and Western European customers to predominantly Asia-based customers. Today, the majority of the division’s revenues are generated outside of the U.S., with an increasing concentration in China.
(Davis, CA) — The UC Davis Graduate School of Management’s full-time MBA program has been ranked among the top six percent of AACSB International-accredited programs nationwide, according to U.S. News & World Report’s latest graduate business school rankings released today.