Understand the basics of records retention and the process for developing a successful implementation strategy.
Organizations maintain a large amount of recorded information to support their general business activities, including accounting, tax, legal, human resources, marketing, sales, public affairs, etc., and their special industry activities, including financial services, manufacturing, power, pharmaceuticals, retail, and a host of other industries. Complicating the development of a records retention program, companies must comply with a myriad of state and federal laws, perhaps even international requirements. How does a company determine the retention requirements for its records and implement a legally compliant and functional records retention program? This course will review the basics of records retention, reasons to establish a retention program, types of records maintained by most companies, the scope and nature of the legal research for retention, the step-by-step process for developing a program, and successful implementation strategies.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Introduction to Records Retention
- What This Webinar Will Cover
- Why Records Retention Is Hot Today
- What Is a Record?
- What Is Records Retention?
- The Consequences of Improperly Destroying Records or Not Destroying Them at All
How to Determine Records Retention Periods
- Record Values
- Retention Period Factors
- Which Laws Affect the Retention Periods
Developing the Records Retention Program
- Steps in Developing a Records Retention Program
- Records Retention Procedures Including Legal Holds
- Destruction of Records
Records Retention for Tax Records
- What Laws Affect the Retention of Tax and Accounting Records?
- How to Determine the Retention for Your Tax Records
- How to Handle Retention During Tax Audits
Records Retention for Selected Records
- Contracts
- Personnel Files
- Industry-Specific Requirements
Records Retention for Electronic Records
- Introduction to Managing and Retaining Electronic Records
- Electronic Document Management Systems (EDMS)
- Apply Retention to Electronic Records
Records Retention for Electronic Mail
- Introduction to Email
- Goals of an Email Retention Program
- Components of an Email Retention Program
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on March 23, 2022.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.5
- Alaska attorneys may receive 1.5 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.7
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.7 hours credit.
- AR CLE 1.5
- This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.5
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
- CT CLE 1.5
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
- GA CLE 1.5
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.5 CLE hours.
- MO CLE 2.0
- This course qualifies for self-study CLE credit in Missouri.
- ND CLE 1.75
- North Dakota CLE policy does not allow for pre-approval of any self-study courses. This course may qualify for up to 1.75 hours of CLE credit.
- NH MCLE 1.7
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 99 Minutes.
- NM CLE 1.6
- This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.6 hours of credit.
- RI CLE 2.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 2.0 hours of CLE credit.
- VT CLE 1.5
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Donald S. Skupsky, J.D., CRM, FAI, MIT
Information Requirements Clearinghouse
- President of Information Requirements Clearinghouse in Centennial, Colorado
- Developed Retention Manager, the sophisticated records retention software, Legal Requirements for Business Records, a research tool to research laws and court cases related to recordkeeping, records retention, evidence, and information technology systems, and Retention Wizard, the simplified version of Retention Manager for small organizations without formal records management capabilities
- Author of Recordkeeping Requirements, Records Retention Procedures, Legal Requirements for Information Technology Systems, and Law, Records and Information Management: The Court Cases
- For over 37 years, he has served as a records and information management consultant, responsible for developing records retention programs and analyzing legal issues affecting records and information management programs
- Has completed projects for hundreds of organizations, including power, petroleum, financial services, manufacturing, transportation, insurance, biomedical, or other companies operating in the United States and internationally
- Received the Masters of Information Technology (MIT) award from the Association for Information and Image Management, 1999; admitted to the Company of Fellows of ARMA, International (FAI), the highest honor bestowed by the association, 1995; received the prestigious Emmett Leahy Award from the Institute of Certified Records Managers for outstanding contributions to the information and records management profession, 1994
- J.D. degree, University of Michigan Law School
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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