Conflict Minerals: Companies Need to Improve Conflict Minerals Disclosures

Oct 31, 2014 | Yin Wilczek, Corporate Counsel Weekly
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Oct. 24 —  As companies prepare their second conflict minerals disclosures, the emphasis is on “more and better” processes, a consultant said Oct. 24.

That includes the disclosure of “better information,” trying to obtain a higher response rate from suppliers and moving toward more efficient processes, said Christopher McClure, who leads the Midwest Forensics Accounting Practice at consulting firm Crowe Horwath LLP.

“That can mean expanding the resources that you're designating towards conflict minerals, it could be implementing a better technology program that will help you to ease the workload and create some more efficiencies,” McClure said. “There are a lot of things companies are doing now to refine and focus” their efforts.