In the initial phases of compliance efforts

Revised records management programs are very likely to be part of overall compliance strategy.In the initial phases of compliance efforts, most companies form stakeholder teams whose objectives are to interpret regulations, decide on an approach, and drive progress in attaining compliance. The stakeholders must include senior executives who can convey the effort’s importance throughout the enterprise. Obtaining executives’ buy in is not difficult, because they are likely to be held personally liable for non compliance as illustrated in former Chief Executive Officer (CEO) Bernard Ebbers’ conviction in the WorldCom fraud.

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