Records Retention by the Numbers

A recent presentation by the Compliance, Governance and Oversight Counsel (CGOC) presented the findings of a soon to be released survey on current information governance practices. The survey revealed that, while 98% of the respondents consider defensible records disposal to be a key element of good records management, only 22% are actually able to carry out any type of records disposal. The problem cited by many is that people become “glued” to their information, and those who recognize the need to maintain proper records management (IT, legal, and records), are often left out of the picture.

The study is due to be released at the end of September, and explores the challenges associated with current leadership, ownership, and process management issues that organizations must address in order to implement effective records management. The study is published as part of a CGOC Benchmark Report which also includes models and tools to measure an organization’s progress and allow them to assess their risk. The study was conducted in collaboration with the Information Management Reference Model project of the EDRM.

Wortzman Nickle can show you how to melt the glue so that your organization can implement a workable, efficient records management practice.

Wortzman Nickle In the News: Endorsing Good Records Management

Following the IQPC conference in Toronto in late June, Susan Nickle was interviewed by Julius Melnitzer for an article published in the Legal Post section of the National Post on July 7, 2010.

Titled “Records Management Key to Navigating Lawsuits”, the article explores the corporate risks of not having a well-managed records management program. This is consistent with Wortzman Nickle’s position that an enforced, defensible records retention policy is the foundation for a streamlined, cost effective, and efficient e-discovery process.

However, it is not just litigation risks that are mitigated by such policies. Corporations who face competition complaints, regulatory investigations or audits also benefit enormously from good records management. Further, there are numerous and compelling business efficacy reasons to implement good policies, including significant increases in employee productivity and reductions in data storage costs.

In 2010, Wortzman Nickle has seen a significant increase in corporate interest regarding the drafting and implementation of records management policies and protocols. A successful records management regime requires a healthy marriage between legal and IT. We speak the languages of both domains. Please contact our firm for details regarding the essential aspects of good records management.