Woburn, MA -- (ReleaseWire) -- 04/09/2014 -- Green Status Pro, the leading cloud-based software service for automating SEC Conflict Minerals Compliance Reporting, has authored a free White Paper to assist corporate executives in meeting the May 31st SEC Form SD filing deadline. Green Status Pro’s White Paper, A Practical Guide to Conflict Minerals Reporting, should be read by every Conflict Minerals Compliance Officer AND the corporation’s senior executive who will sign SEC Form SD to provide a common understanding of the regulatory requirements and business policy challenges created by Dodd-Frank Section 1502. It can be obtained for free by clicking here.
A Practical Guide to Conflict Minerals Reporting, provides an updated overview based on the most recent industry consensus on conflict minerals, clear guidance through the compliance process, and recommended best practices based on the OECD’s Due Diligence Guidance. Documenting a company’s due diligence is the foundation for preparing its Conflict Minerals Report. To satisfy the information needs of the SEC, customers, investors, and consumer activist groups, the Conflict Minerals Report should be included as Exhibit 1.01 with every publicly posted Form SD, whether specifically required or not.
“As the first SEC Form SD filing deadline, May 31, 2014, approaches, US corporate executives are recognizing they must include their Conflict Minerals Report as an exhibit to Form SD to minimize enterprise and brand risk,” explained Rob Kasameyer, president, Green Status Pro. “The Form SD Conflict Minerals Report focuses on policies and procedures designed to achieve the humanitarian objectives of Dodd-Frank Section 1502. Corporate executives who thought they only had to conduct an RCOI (Reasonable Country of Origin Inquiry) are now learning about the hidden risks in Dodd-Frank 1502 and seeking experienced guidance in managing their Conflict Minerals Reporting efforts.”
A Practical Guide To Conflict Minerals Reporting clearly lays out in 20 pages the steps companies must take to be in conformance with the SEC’s Conflict Minerals Final Rule. It describes the reasonable procedures a company should have in place in order to be able to file and publicly post a Form SD with a Conflict Minerals Report that will pass the scrutiny of the SEC, investors, customers, the media and NGOs.
“Green Status Pro is the only company whose software services are designed specifically to support executives responsible for SEC Form SD reporting. Using Green Status Pro’s automation technology, corporate executives can still meet the May 31st deadline,” declared Steve Correia, operations vice-president. “RoadMap CM provides executives with a comprehensive, time-saving platform to document their corporation’s conformance with the SEC’s Conflict Minerals mandated due diligence policies and procedures. RCOI Ingestor Services provides within 2-business days the comprehensive EICC-GeSI CMRT validation and supply chain reporting that must be described in Form SD.”
About Green Status Pro
Green Status Pro’s mission is to simplify the regulatory lives of operating managers by providing a knowledge-based solution to automate Due Diligence Reporting. Green Status Pro is the leader in automating and simplifying SEC Conflict Minerals Reporting as legislated by Dodd-Frank Section 1502. Green Status Pro is the only cloud-based software service in the world that provides the knowledge base to document a firm’s OECD Conflict Minerals Due Diligence program and automate its RCOI reporting. Green Status Pro is an IBM Business Partner, hosting its applications on IBM’s SoftLayer secure global cloud infrastructure. For more information about Green Status Pro, please visit GreenStatusPro.com