Whatever one’s position on the public policy wisdom of the announced final rules, it is now clear that auditing complex supply chains and vetting difficult-to-control vendors, often located worlds away, has become the new corporate imperative. In the morning hours of Aug. 22, the Commission held its highly anticipated public meeting to announce its final Conflict Minerals Rules pursuant to Dodd-Frank Section 1502. Perkins Coie Partners Jean-Jacques Cabou and T. Markus Funk deconstruct the complex new rules, and provide practical "what next" advice for potentially impacted businesses.