Transcription of IP8 Document and Data Retention Principles - CIMA
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IP8 Document and Data Retention Principles - CIMA
1 Procedure IP8 Document and data Retention Principles Eligibility All CIMA staff and Council/Committee members Principles status To inform employees and appropriate members of the Principles for the Document and data Retention Principles , both hard and electronic copies Procedure statement To explain the need for a Document and data Retention Principles at CIMA Value alignment Guidelines IP8 Document AND data Retention Principles Introduction An inevitable part of business activity is the generation and circulation of documents and records, for a variety of purposes and reasons. However, the Retention of files and papers for longer than necessary has legal and risk management implications and creates storage and cost issues in respect of both paper and computer-based records. It is good legal and risk management practice to destroy documents and files as soon as is reasonable, whether hard or electronic copies. In the absence of any formal Principles most individuals would be inclined to keep everything forever.
To inform employees and appropriate members of the principles for the document and data retention principles, both hard and electronic copies
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