In the News

Conflict Minerals Rule Could be Costly

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.This may put U.S.companies at a disadvantage to foreign competitors that do not have to comply, according to the study’s lead author, Professor Paul Griffin.