Compliance Tops the Poll as no.1 Challenge for Information Governance and eDiscovery Professionals

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• Publié par: the-legal-exchange-network-a-division-of-iqpc-exchange
• Nombre de lectures: 80
• Langue: English

Extrait

Compliance Tops the Poll as no.1 Challenge for

Information Governance and eDiscovery

Professionals

PR Newswire

LONDON, August 21, 2012

LONDON

,

August 21, 2012

/PRNewswire/ --

The Legal Exchange Network, a division of IQPC

Exchange, releases results of industry benchmarking

report:

78% of European Corporate Counsel state compliance as their biggest challenge

63% find managing their data of increasing difficulty

39% place eDiscovery readiness as a main business objective

The Legal Exchange Network recently surveyed their global community of

strategic legal practitioners to uncover the key drivers behind investments in

information governance and eDiscovery solutions.

Results show that whether a company is operating in a highly regulated

industry or facing an investigation, being fully prepared when litigation or

investigations arise is of increasing importance to decision makers responsible

for setting information governance and eDiscovery strategy.

Whilst

compliance was the number one challenge for 78%

of

respondents, they also highlighted that embedding company-wide policies is a

key obstacle.

Balancing data privacy with data protection laws is an increasing challenge

when trying to remain compliant on a global scale.

Jochen Mann, General

Counsel, Executive VP, Global Head of Legal & Compliance at Maple

Financial Group

, joins

Master Steven Whitaker

and

Justice Frank Clarke

to discuss different ways of overcoming and dealing with data transmission

issues on the 29

th

of November at the Information Governance and eDiscovery

Exchange.

Companies are also struggling to implement strategies to manage their data,

shedding light on the importance of implementing information governance

policies.

A recent survey by AIIM backs this up: "Legal fees, fines and damages could be

reduced by 25% if companies applied best practices to records management,

security and e-discovery. However, only 1% of the respondents believed their

organisations were following best practices".

As litigation grows, one of the key questions being asked by leading enterprises

is, how does one achieve eDiscovery readiness, to ensure they are prepared

when eDiscovery arises during litigation? Companies are looking at the rules

and procedures they must have in place for a sound eDiscovery process, with

39% of respondents looking to develop and improve their preparation for

eDiscovery.

With an increasing volume of data, implementing a holistic approach to

information governance which will lead an organisation to be eDiscovery ready

is not a simple task. On the 28th of November at the

Information

Governance & eDiscovery Strategy Exchange

, General Counsel at Millicom

International Cellular, Senior Counsel and Global Head of Records Management

at National Grid and Associate eDiscovery Director at Barclays, will discuss how

organisations can place themselves in a strategically advantageous position

and how-to implement best practice for information governance.

Gabriela Magaldo, Head of Production, Legal Exchange Network

,

comments: "This report provides a fascinating insight into the reasons why

corporate legal teams are investing in information governance and eDiscovery

technology, as well as some compelling calls to action for solution providers

who are looking to help these companies embed eDiscovery as a core business

process and ensure a defensible and flexible strategy for when litigation or

investigations arise. I look forward to discussing this with our network at the

Information Governance & eDiscovery Strategy Exchange in

Munich

this

November".

To download the full report and for more information on the Information

Governance & eDiscovery Strategy Exchange, taking place

27-29 November

2012

in

Munich, Germany

please visit: http://www.ediscovery-exchange.com/PR

About the Legal Exchange Network

The Legal Exchange Network host a series of invitation only forums designed to

help senior strategy makers overcome their most pressing information

governance & eDiscovery challenges. Exchange only invites in-house Counsel

and legal executives with the highest credentials, and solution providers with

the most cutting edge capabilities, to deliver a unique business development

opportunity and true peer-to-peer learning and networking forum.

http://www.ediscovery-exchange.com/PR

Media contact:

Kira Stancliffe, Marketing Manager, Information Governance &

eDiscovery Strategy Exchange: [e-mail] / Tel: +44(0)207-

3689484 or visit http://www.ediscovery-exchange.com/PR