A new report finds that despite the growing importance of records management to prevent snafus in corporate litigation, only one-third of companies believe they have a comprehensive records management program.

The 2007 Iron Mountain Compliance Benchmark Report surveyed nearly 2,000 people at public, private, government, and nonprofit organizations. Only 35 percent of respondents said they have a formal, enterprise-wide records management policy—despite new “e-discovery” rules for civil litigation that are proving ever more painful for companies whose sloppy recordkeeping returns to haunt them in court.