Executive Briefings

You Might Get Sued. What's Your Document Retention Plan?

Businesses have experienced an explosion of electronic documents and data because of increasing use of electronic devices, decreasing cost of storage media and the expanding use of email. Added to the paper documents generated by the business, this electronic information can be an impediment to efficient business operations, a potential time bomb in the event of litigation and a business continuity disaster, if lost.
According to recent surveys, a large percentage of U.S. corporations do not have an established protocol for protecting their trade secrets and most have not prepared for the use of digital information in litigation. Given the time and cost involved in implementing these policies, most small businesses have done nothing.
So what is a business to do?
Source: NewsFactor.com

Businesses have experienced an explosion of electronic documents and data because of increasing use of electronic devices, decreasing cost of storage media and the expanding use of email. Added to the paper documents generated by the business, this electronic information can be an impediment to efficient business operations, a potential time bomb in the event of litigation and a business continuity disaster, if lost.
According to recent surveys, a large percentage of U.S. corporations do not have an established protocol for protecting their trade secrets and most have not prepared for the use of digital information in litigation. Given the time and cost involved in implementing these policies, most small businesses have done nothing.
So what is a business to do?
Source: NewsFactor.com