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Records Management- Historical Perspective- Paper
Historically- Paper was the “Corporate Memory” – a physical entity driven by the need to retain items coupled with the availability of space to store them
Insured authenticity (originals) and access.
Records Management- Digital Perspective
Records management is no longer visible. Digital information accounts for greater
than 80% of all records.The logical location of these stored
electronic records is controlled by computers. And, although, it may appear to be less costly to store digital information, it is important to develop meaningful retention policies.
Consider... A 2006 Survey (ARMA AIMM) of 17,000 Businesses, Government agencies, & non-profits and associations presented the following results:
While 87% of organizations had formal record management programs, over 32% of them were rated as ineffective . (2005 Survey = 85% and 41%)
Over 43% of the record management programs did not address electronic records. (2005 Survey= 47%)
43% (vs 46% in 2005) did not have a formal plan for discovery requests for records including litigation hold orders and 53% (vs 65% in 2005) of them that did have litigation hold procedures did not include electronic records.
49%(vs 60%) did not have a formal email retention policy. Impact of Sarbanes-Oxley Act on record management
program has increased 56% since 2003.
Goals of a Sound Records Management Program
PreservationCompliance with Regulations & Statutes.Mitigate Legal Risk.Reduce Litigation and Discovery Costs.Enhance Knowledge Management and
Increase Productivity.
Preservation
Anticipation of a Claim is all that’s required to trigger the duty to preserve potentially relevant evidence.
Effective email preservation (or destruction) is difficult. Other issues that must be addressed:
– Hardware/software changes.– Employee turnover.– Reminders to organization.– Suspension of defragmentation, alteration, wiping etc.– Responsive vs. Reactive preservation.
Compliance and Risk Mitigation
Sarbanes-Oxley.HIPAA.Gramm-Leach-BlileyThe potential implications of
Zubulake
<Insert Slide Title Here> Compliance with organizational policies, industry standards, local, & National Government laws and regulations dictate evolving retention periods for all types of Data including Emails.
Sarbanes-Oxley Act (SOX)
HIPAA
SEC 17 CFR Part 210 Florida Sunshine Law NASD 2860/3010/3110 FDA Electronic Communications and Transactions Act National Labor Relations Act Employee Retirement Security Act of 1974 Americans with Disabilities Act OSHA
Medicare Conditions of Participation Title VII of the Civil Rights Act of 1964
Over 6,000 State & FederalCompliancy Laws &
Regulations!
Costs
Understand the cost of preservation vs automatic destruction policies.
Make sure that you establish methods to reinforce your policies and test their effectiveness.
Anticipate litigation.
Knowledge Management
From a legal perspective maintain your records so they can be updated and be useful for future needs or litigation.
Some of the questions you must answer for your client or company
Has relevant data been properly preserved? What is the time, difficulty, costs to recover and
retrieve relevant data? What business disruption will occur?
How can relevant data be identified and irrelevant or privileged data be sorted out?
How can this data be preserved to be used for potential future requests or other matters?
Changing Perspectives on Record Management
Ignorance no longer a valid defense.e-Mail retention policies are difficult or impossible
to put in place.Sarbanes-Oxley requires compliance, yet is vague
in many areas.Cost shifting strategies and burdensome
arguments have a very low success rate.
Best PracticesProactively prepare for future litigation.Map critical electronic data, systems and
backup media.Align Legal, IT and the Business.Disaster recovery strategies must no
longer be the only purpose of record retention.
Create evidence management/ preservation programs and publish, publish, publish
Example Create the Retention schedule/ guidelines and publish to a
employee handbook Create a list of every department and division within the
corporation and then within that department each major category of documents
Create a complete numbering system; i.e LEG-0110-020; representing the Legal Department, the Litigation division, and expense records
For LEG-0110-020 define the details for that record type electronic and paper life…i.e; online for 3 years, after that destroy, any events that could have an impact, etc.
Create a records retention manager and hotline for monitoring and answering immediate questions.