Chicago associate Beata Spuhler authored an article for Corporate Compliance Insights titled, “Preparing for Compliance with the California Transparency in Supply Chains Act of 2010.”
Beata, a member of the Corporate and Securities Practice Group's Customs and International Trade Team, notes that within a few months, hundreds of companies will be required to comply with the act, which will require retail sellers and manufacturers who are “doing business” in California to post a disclosure on their websites concerning their efforts to combat human trafficking and forced labor in their own supply chains.
The article outlines who is required to comply, whether specific language is required in the disclosure and the penalties for non-compliance.
Beata notes that there are “other states working to pass similar legislation.” She continues, “As a result of S.B. 657 and other proposed laws, U.S. companies should take steps to review their supply chains and implement and enhance internal controls to ensure that their supply chains are indeed above board.”
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