Why a Record Retention and Destruction Policy is Essential
When you don’t know what you have, or you can’t find what you need, you could be facing some big problems..
Every business maintains records because of some value - consistent with one or more of its business purposes - that makes those records worth saving. Information contained in records is unquestionably a corporate asset, and there are numerous benefits in knowing what you have and knowing how to find it and use it. Likewise, every business has a need to destroy records when they no longer have value, in part because the sheer volume of records created within a modern organization creates significant direct and indirect costs to maintain records. This white paper reviews why failing to manage records properly can be risky and costly.
Partner in the Columbia, SC office of the law firm of Adams and Reese LLP
Practice emphasizes all aspects of privacy, information security, and information governance for financial institutions, health care providers, public utilities, and other businesses; he helps businesses protect, manage, and communicate information lawfully and effectively
Conducts regular seminars and workshops on numerous topics, including legal frameworks and compliance applicable to information security (HIPAA-HITECH, GLB, State Breach Notification Laws, GDPR), marketing and advertising (TCPA, CAN-SPAM, FTC Telemarketing Sales Rule), consumer privacy (FDCPA, FCRA, FACTA), information governance (including collection, retention, management, and destruction or records and documents), and social media
Has written several articles in the areas of privacy, data security and information governance
Holds the Information Privacy Professional (CIPP-US) designation from the International Association of Privacy Professionals (IAPP), and advises clients on the retention, collection, management, and production of electronically stored information (ESI)
J.D. degree, University of South Carolina; B.A. degree, Washington and Lee University