TEXbase solution eases industry burden for Dodd-Frank
2 August 2013 | News | Source: Texbase Inc
TEXbase, a leading provider of web-based compliance, quality and materials management software solutions for brands, retailers and consumer product companies today announced an expansion of its Conflict Minerals Guardian solution.
Conflict Minerals Guardian is solution for managing the range of requirements associated with Dodd-Frank section 1502. The solution allows clients to implement an EICC - GeSI document framework with suppliers to document smelters to determine if products contain conflict minerals. Using the TEXbase real-time collaboration network, the system securely shares documents across a company's supply chain.
Latest enhancements include e-sign certification documents, enabling creation of SEC Specialized Disclosure forms.
Passed in July 2010 with final rulemaking in August 2012, Dodd-Frank Wall Street Reform and Consumer
Protection Act requires public companies listed in the U.S. to disclose whether tantalum, tin, tungsten and/or gold mined in the Democratic Republic of Congo or adjoining countries are necessary to the functionality or product they manufacture or contract to manufacture. Legal challenges surrounding the Act were dismissed by the US District Court on July 23rd and the act was upheld requiring first reports by May 2014 based upon the calendar year 2013.
Data sheets, video product demonstrations and educational webinars are available at TEXbase.com.
Wayne Huyard, President and CEO, TEXbase
"TEXbase is committed to deliver the most distinct compliance solutions for the apparel, footwear and consumer products industries. Conflict Minerals Guardian is designed to automate the management and reporting requirements associated with Dodd-Frank. The recent U.S. District court ruling eliminates any doubt around the need for brands and retailers to take decisive action. Simple and affordable, the TEXbase Guardian solution enables discovery and collaboration across suppliers, smelters and mines"
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