Document Retention
The policy and process of retaining documents and records for a specified period to meet legal, regulatory, and business requirements.
Document retention is essential for ensuring that organizations have access to necessary records when required for legal, regulatory, or operational purposes.
It involves establishing retention schedules, securely storing documents, and systematically disposing of them after the retention period. Non-compliance with document retention policies can result in legal penalties and reputational damage.
Frameworks such as GDPR and SOx have specific requirements for document retention, emphasizing the importance of maintaining accurate and accessible records.
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