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IM Risk Management: Federal Rules of Civil Procedure (3)

The new Federal Rules of Civil Procedure, which took effect on December 1, 2006, outline requirements for companies to find and produce relevant materials, documents and electronic communications related to court proceedings in Federal cases. The impact on companies that use communications technology such as instant messaging will be significant, and it is important for organizations to understand the key elements of the new rules and to institute appropriate measures to control their risks and minimize the problems that can arise if involved in a Federal case. Implementing effective controls for complying with the range of regulations that exist will help firms achieve business value far beyond the intangible benefit of the peace of mind gained from satisfactory compliance. Organizations should look to derive meaningful benefits such as more streamlined operations, increased efficiency of IT systems and enhanced communications across the company.