Box Governance allows organizations to manage their content’s lifecycle by powering business processes with flexible retention schedules, preserving content for defensible discovery, and managing the disposition of content. From the start we built Box Governance for highly regulated industries and our existing retention policy type was intentionally designed to be non-modifiable. As Box has grown, we have seen the need to expand our retention policies and are excited to announce Box Governance will now have two types of retention policies: modifiable and non-modifiable.
Modifiable retention policies will provide flexibility as external regulatory environments or internal governance policies change. Modifiable retention policies allow customers to implement retention policies with the ability to modify them later. This will allow for both the creation and modification of policies, including shortening of retention policies, as well as making policy changes retroactively to content already under retention. For our customers who need to comply with SEC/FINRA Rule 17a-4, there’s no need to worry. Going forward, when a policy is created your Box Admin can specify if it is modifiable or non-modifiable. Non-modifiable policies can continue to be used to help you meet SEC/FINRA retention requirements.
We’re also adding the ability to expand non-modifiable retention policies without being modified. Box Admins will have the option to extend the retention time period duration to meet regulatory or internal compliance needs, while still remaining SEC/FINRA compliant.
Learn more about Box Governance and stay tuned for more information on these upcoming features!