Why is a Records Retention Schedule necessary?
A Records Retention Schedule is an essential component of an efficient and effective records management system. Properly developed and consistently implemented, a Records Retention Schedule protects the interests of the organisation and its stakeholders by ensuring that business records are kept for as long as they are needed to meet operational needs and comply with legal requirements. Upon expiry, these records are then disposed of securely. What does the Records Retention Schedule cover? The Records Retention Schedule provides generic guidance on the retention of records which higher education institutions (HEIs) commonly generate in the course of: • Their core academic work • Developing their relationships with their stakeholders • Managing the institutions themselves as corporate bodies It covers key groups of records generated by the common business functions and business activities of HEIs. The Schedule is based on extensive research and consultation with a wide range of institu
