Reprinted and/or posted with the permission of Daily Journal Corp. (2011).
The California Transparency in Supply Chains Act of 2010 will go into effect Jan. 1, 2012. This Act, which imposes disclosure requirements on retailers and manufacturers, will apply to many California businesses and non-California businesses alike. All business owners with connections to California should understand whether the Act applies to them, familiarize themselves with the requirements, and know how to best prepare for compliance.
The Act applies to any business that: is a retail seller or manufacturer; does business in California; and has annual worldwide gross receipts that exceed $100 million.
Businesses should note that the annual gross receipts are measured worldwide, and not just in the state of California. If a business falls under the Act, it must make certain disclosures that show its efforts to eradicate slavery and human trafficking from its direct supply chain as well as inform consumers on how to avoid indirectly supporting slavery and human trafficking.
Please see full publication below for more information.
