Many executives believe their organization does not need a records retention program. The reasons for this belief vary greatly, including 1) the belief that the company has gone for years without an organized records retention program so there is no need to develop one now; 2) since the company has never been subject to a large records discovery request, their luck will continue forever; and 3) the fear over the cost of creating such a program (especially in this era of constant increases to the bottom line). However, none of these (or the many others that can be thought of) provide sufficient reason not to develop an effective records retention program and system in this day and age. On the other hand, there are numerous reasons why an organization should develop a records retention program. Briefly, these reasons include legal requirements, risk of litigation, and efficiency.

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