Regulations and Compliance – Retail Industry

Information governance (IG) is perhaps one of the functional areas that has a significant impact on legal functions. Failure to meet legal and regulatory requirements could literally put an organization out of business or land executives in prison.   Privacy, security, records management, information technology (IT), and business management functions are very important.  However, the most significant aspect of all these functions relates to legality and regulatory compliance from a critical perspective. For this discussion, identify the industry (Retail industry) you will be writing about in your final paper and discuss the regulatory compliance requirements the company must meet and the corresponding security, privacy, and records management functions that would need to be enabled for that organization. Remember to cite your sources and critically respond to two other learners.

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