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Trouble in store
Filed in archive Compliance by leon on September 19, 2006
Trouble in store
Here's some disturbing evidence from a study on compliance-readiness, or the lack of it.

And with more companies going to court over employee email issues, or having their own emails subpoenaed, it should be ringing alarm bells.

According to the BPM Forum Report close to half, or 47.3 per cent, of all senior executives are concerned that their companies' failure to effectively archive and manage all of their electronic content could be a critical liability for their organisation.

It found that 33 per cent of respondents said they had no corporate policy covering electronic records management. For that matter, nearly 20 per cent didn't even know whether they even had a policy. Barely 40 per cent felt their companies were effectively enforcing whatever electronic records management policies they had in place..

And while the threat of lawsuits is still around, more than a third (36.4 per cent) said their companies had no technologies or policies whatsoever in place to manage a legal discovery order involving electronic records.



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Tags: document  storage  BPM  Forum  Report  corporate  trouble+store  hedge+funds  management+compliance 
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