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Nip Compliance Issues in the Bud

By ALM Staff | Law Journal Newsletters |

Good business practice in the e-commerce sector, as in the bricks-and-mortar world, requires that companies take steps to ensure that employees comply with company policies, as well as with the laws, rules and regulations that apply to them and their industry. An increasingly important part of that practice involves monitoring and storing electronic documents, including e-mails and their attachments, and managing these documents throughout the information lifecycle. While an electronic document may have a direct business use of only a few minutes ' perhaps to signal agreement to a contract term ' this same document may have an afterlife of many years, during which it must be retained and managed.

Other documents may also present risks to the company. These risks must be identified and mitigated. An adequate compliance program insures that documents that must be retained are archived, and archived only for as long as necessary, and that risks be identified and mitigated effectively.

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