Records management: just do it

Maintaining business records and complying with regulations such as Sarbanes Oxley (SOX) can keep your company clear of expensive legal trouble. Consider the following circumstance from a recent article on the subject by Randolph A.

Maintaining business records and complying with regulations such as Sarbanes Oxley (SOX) can keep your company clear of expensive legal trouble. Consider the following circumstance from a recent article on the subject by Randolph A. Khan, Esq.:

In a recent court case, Flour Daniel v.Murphy Oil USA Inc., a litigant was reminded about how seemingly innocuous records management failures can create big headaches. Because one of the parties did not have a written policy regarding e-mail retention and because the company failed to follow its own disaster recovery backup tape recycling schedule, it was confronted with the prospect of reviewing 19.7 million e-mail messages at a projected cost of $6.2 million. What was a simple problem that could have been easily and inexpensively addressed earlier became a large, expensive problem in the context of the lawsuit.

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