Sunlight for the Heart of Darkness: Conflict Minerals and the First Wave of SEC Regulation of Social Issues

23 Pages Posted: 18 Apr 2011 Last revised: 10 May 2011

See all articles by Jonathan C. Drimmer

Jonathan C. Drimmer

Georgetown University Law Center

Noah Joshua Phillips

Steptoe & Johnson PLLC

Date Written: April 16, 2011

Abstract

This article discusses Section 1502 of the Dodd-Frank Act (the "conflict minerals" provision). It describes the rise in expectations for corporations regarding human rights generally, Section 1502 as an exemplar of the most recent facet of that trend, i.e., the use of U.S. securities laws to regulate "social criteria," and steps companies should take to meet these increased expectations. It argues that Section 1502 is best understood not as investor protection or foreign policy, but rather as another mechanism adopted to raise the cost to corporations of failing to meet human rights expectations.

Keywords: Dodd-Frank, Section 1502, conflict minerals, corporations, human rights, socially-responsible investing

Suggested Citation

Drimmer, Jonathan C. and Phillips, Noah Joshua, Sunlight for the Heart of Darkness: Conflict Minerals and the First Wave of SEC Regulation of Social Issues (April 16, 2011). Available at SSRN: https://ssrn.com/abstract=1812063 or http://dx.doi.org/10.2139/ssrn.1812063

Jonathan C. Drimmer

Georgetown University Law Center ( email )

600 New Jersey Avenue, NW
Washington, DC 20001
United States

Noah Joshua Phillips (Contact Author)

Steptoe & Johnson PLLC ( email )

1330 Connecticut Avenue, N.W.
Washington, DC 20036
United States

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