August 11, 2009 - 3:00 PM - 3:30 PM

Legal Quick Hit: "Records and Information Management for Nonprofits"

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This session will be presented to the Association of Corporate Counsel's Nonprofit Organizations Committee by Warren Hamel and Danette Edwards of Venable's SEC and White Collar Defense Group, both of whom have designed records management policies and programs for companies operating in a wide array of industries and have extensive experience helping clients successfully navigate their document preservation and production obligations in criminal and civil litigation, government investigations, and other proceedings.

Description: The expanded corporate governance reporting required by the recently adopted Form 990 highlights the importance of having a comprehensive policy, schedule of records, and IT procedures and systems in place to effectively manage records and electronically stored information. This latest step by the IRS is consistent with the emphasis on corporate governance and transparency that underlies the e-discovery amendments to the Federal Rules of Civil Procedure and the obstruction of justice provisions in the federal criminal code, both of which provide serious penalties for improper preservation and production of records and electronically stored information. At a time when business requirements have driven the number, formats and types of records to record levels, the risks associated with ineffective management of an organization’s records are thus far higher than ever before. This Quick Hit will discuss best practices in records and information management that can help in-house counsel better protect their nonprofit clients.

To learn more about this audioconference, please visit ACC's website.