Legal Compliance

featured_0013We help businesses identify record-keeping laws and requirements that may affect them and assist them to comply with those laws and requirements. We do this by conducting legal research followed by development of a Records Retention and Disposition Schedule (RRDS).

RRDS helps ensure that business records are kept a sufficient length of time to comply with legal and regulatory requirements in addition to business needs, thus minimizing the risk of fines, adverse judgment (in case of litigation or regulatory investigation) and other sanctions for improper record-keeping.

Development of a retention schedule is preceded by legal research to discover the relevant record-keeping laws and regulations applicable to a business. Following research, the applicable laws are assembled into a matrix showing each record-keeping law / regulation, the the types of records affected and the applicable records retention period.

Additional efforts to develop a comprehensive RRDS may include:

  • Review current RRDS and related documentation, if any.
  • Interview key representatives regarding business processes and priorities which may affect the retention schedule.
  • Distribute a draft RRDS internally for review. 
  • Prepare recommendations for implementing the RRDS.

EON Group has developed a large database containing thousands of cross-referenced RIM laws and regulations applicable to U.S., European, Asian and African companies, institutions and government agencies. Access to the database, along with other efforts itemized above, enables us to help businesses comply with relevant record-keeping requirements in their countries of operation.