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The Treasury Department has called for scrapping corporate reporting requirements on conflict minerals and other topics. The department, in an October 6 report on growing the economy stated, “federal securities laws are ill-equipped to achieve such policy goals, and the effort to use securities disclosure to advance policy goals distracts from their purpose of providing effective disclosure to investors.”
Getting rid of the disclosure rules would require congressional action. Legislation that includes their repeal passed the House earlier this year, but is unlikely to be acted on by the Senate.
In the absence of action in Congress, the report suggested that the Securities and Exchange Commission tweak its rules to exempt smaller and certain newly public companies from reporting.
IPC continues to highlight the burden of conflict minerals compliance, most recently in meetings with members of the House and Senate during the IPC IMPACT advocacy event in Washington, D.C. in May.
Pete Starkey, I-Connect007
The final session, on European needs for new technology, product safety and training, was introduced and moderated by EIPC board member Dr. Michele Stampanoni, vice president of strategic sales and business development at Cicor Group.
Patty Goldman, I-Connect007
I recently had the opportunity to chat with the new director of sales and marketing at Eagle Electronics, Andy D’Agostino. I’ve visited Eagle before; they are endlessly busy, with good things going on, so I was happy when I learned that Brett McCoy was now COO and another fellow had taken over some of the sales and marketing activities. Andy comes with a wealth of experience and seems to have settled in nicely.
Barry Matties, I-Connect007
Barry Matties met with Sharon Cohen, president of Orbotech West, at productronica 2017 to discuss what’s new at Orbotech, specifically their shift to be more customer-centric and to provide regional coverage across the globe. He also discusses the current trends in the marketplace and Industry 4.0.