Enterprises have always had a requirement to preserve documents and records for the long term to satisfy compliance, legal and knowledge management requirements. The history of records management is centuries old and has previously been concerned primarily with managing paper documents. In the last decade however there has been a dramatic switch from paper to the use of a wide range of electronic media as a preferred method of the communication within businesses. In addition to the growth of electronic information, executives in every sector, both public and private have seen a huge increase in regulation and legislative responsibilities in the last eight to ten years. This paper highlights major legislative and regulatory implications.