October 14, 2010 – Less than one-fourth of corporations in the Global 1000 can fulfill their data retention and disposal objectives, leading to wasteful spending, legal risks and possible theft, according to findings in a new survey.

The Compliance, Governance and Oversight Council, in collaboration with the Electronic Discovery Reference Model, queried legal, IT and records maintenance leaders at companies in a wide range of industries on their information governance practices. The report stated that 98 percent of companies rated defensible disposal and retention of data as a key governance objective, though currently only 22 percent of those companies can fully handle that task.

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