In July 2010 the Dodd-Frank-Act has been enacted as U.S. Federal Law, which, in addition to the regulation of financial markets, obliges companies to commit themselves to avoid using minerals from conflict regions (§ 1502). Consequently the import and use of conflict minerals coming from the Democratic Republic of Congo and its adjoining countries is regulated by this law. The Dodd-Frank Act, and U.S. Securities and Exchange Commission (SEC) regulation pursuant to this law, require companies listed in the U.S. to annually disclose to the SEC whether products were either sourced from the one of the above mentioned regions or were manufactured using such conflict minerals.
As Excello Circuits is not listed at the stock exchange in the U.S., Excello Circuits is not directly subject to the requirements of the Dodd-Frank-Act. Nevertheless, in order to support our customers (and their customers) to the greatest extent, we have expressly included the requirement for compliance of our suppliers with the Dodd-Frank-Act in our General Terms and Conditions as well as our Supplier Code of Conduct. By implementing standardized and systematic questionnaires, supported by the EICC and GeSI questionnaire (www.conflictfreesmelter.org/cfshome.html), we evaluate our supply chain related to conflict minerals.
The latest status report can be downloaded here. In case you have any questions or concerns in this regard, please get in touch with Patricia Chicoine-Flower.