http://www.lexology.com/library/detail.aspx?g=0a9b1623-2648-4eca-8a32-041356962f15&utm_source=lexology+daily+newsfeed&utm_medium=html+email+-+body+-+federal+section&utm_campaign=lexology+subscriber+daily+feed&utm_content=lexology+daily+newsfeed+2013-05-14&utm_term= The above article references an action by the Consumer Product Safety Commission with reference to Kolcraft Enterprises for failure to timely report on a product defect. Kolcraft apparently agreed to a $400,000 civil penalty and further agreed to several compliance measures including a 5 year retention requirement for all compliance related documentation (and that the CPSC could access such documentation upon request). Interestingly one of the commissioners thought that a 5 year retention requirement for compliance related documentation was too severe given this particular situation. Although a 5 year retention requirement for corporate compliance does not seem all that unreasonable. I was wondering how other records managers would see this. You can see the dissenting commissioner's comments at http://www.cpsc.gov//Global/About-CPSC/Nord/nord03112013.pdf<http://www.cpsc.gov/Global/About-CPSC/Nord/nord03112013.pdf> David B. Gaynon [log in to unmask] Huntington Beach CA, USA List archives at http://lists.ufl.edu/archives/recmgmt-l.html Contact [log in to unmask] for assistance To unsubscribe from this list, click the below link. If not already present, place UNSUBSCRIBE RECMGMT-L or UNSUB RECMGMT-L in the body of the message. mailto:[log in to unmask]
