Current Issues in Records Management

Records management or RM is very important part for any organizations. We have already talked the records management definition very descriptively in our previous post. Still today we have already discussed the important point like Practicing Records Management, Managing Physical Records and Managing Electronic Records which are related to Records Management. Today we are going to discuss on Current Issues in Records Management.

As of 2005, records management has increased interest among corporations due to new compliance regulations and statutes. While government, legal, and healthcare entities have a strong, historical records management discipline, general record-keeping of corporate records has been poorly standardized and implemented. In addition, scandals such as the Enron/Andersen scandal, and more recently records-related mishaps at Morgan Stanley, have renewed interest in corporate records compliance, retention period requirements, litigation preparedness, and related issues. Statutes such as the US Sarbanes-Oxley Act have created new concerns among corporate "compliance officers" that result in more standardization of records management practices within an organization. Most of the 90s has seen discussions between records managers and IT managers, and the emphasis has expanded to include the legal aspects, as it is now focused on compliance and risk.

ref: wikipedia, guaranteedblinds, premierinns