Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

How Court Could Shape a New Conflict Minerals Rule

Joe Mont | January 22, 2014

A legal challenge to the Securities and Exchange Commission's Conflict Mineral Rule, which will require companies to disclose the use of certain metals throughout its supply chain, is heating up, and it could succeed in changing the final version of the rules.

A federal appeals court heard oral arguments from plaintiffs challenging the rule, including the National Association of Manufacturers, U.S. Chamber of Commerce, and the Business Roundtable, earlier this month, and the SEC's defense of it. Tough questioning directed toward the SEC by a three-judge panel led some legal experts to predict the court could deem the rule unconstitutional.

If the legal challenge succeeds, don't expect it to go away completely, however. If the plaintiffs win, the rule will likely be sent back to the SEC for a rewrite to address some longstanding business concerns, lawyers suggest. Based on issues flagged by the judges reviewing the case, a rewritten rule could eliminate mandatory...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.