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Tech Heavies Throw Weight Into Compliance

Tech Heavies Throw Weight Into Compliance

by Rick Turoczy on March 7, 2005

A coalition of eight tech companies has formed the Compliance and Management Electronic Information (CMEI) working group in a bid to give companies a hand in formulating a comprehensive compliance framework for their business. The group, made up of Oracle, Hewlett-Packard, Veritas, Sun Microsystems, Open Text, Hitachi Data Systems, Network Appliance and Plasmon, expects to have resources available on the Internet Law & Policy Forum (ILPF) Web site in the next six months.

The ILPF is a non-profit organization that provides a neutral forum for challenges posed by the Internet on law, policy, technology and businesses worldwide. Outside the CMEI, the organization hosts working groups focused on spam, self-regulation, security and policy, content liability, electronic authentication and jurisdiction.

The CMEI site will host documentation on best practices for information retention and maintenance regulations, provide counsel and exchange information with various businesses, legislative bodies and regulatory agencies in various workshops, and publish checklists and summaries of legal and regulatory requirements for interested companies.

Officials say the many information compliance regulations worldwide cause undo headaches for companies trying to abide by them, both in money and time spent adhering to conflicting regulations. As an example they point to a company, based in the United States with offices in the United Kingdom, that severs its ties with a customer. Under U.S. law, companies must retain records for seven years, but in the U.K. they must immediately destroy all customer information.

Tech Heavies Throw Weight Into Compliance

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