> Mega-corporations should have their communications logged at a much higher level than a normal business.
I agree entirely. And it's not like it's unprecedented: we treat banks like this already. They have to keep records of all internal communications for years.
And it doesn't stop banks from breaking the law, or their employees from doing so in (recorded and logged) internal communications.
Say we do this for car engineers. How do you communicate for continuous improvement when to acknowledge ANY issues will be used to sue the crap out of the company when accidents occur/issues come up? You are killing any sort of continuous improvement program if you do this. All that sort of communication will be switched to verbal are the requirement of Lloyds of London or whatever huge insurance company insures the business/products.
You're right, it doesn't, but judging from how SEC enforcement actions work, banks often get nailed based on the contents of those required-to-be-recorded communications.
And the SEC will even fine financial institutions for having work-related conversations outside of the official recorded channels.
> They have to keep records of all internal communications for years.
Except for those that happen in person, which is bizarrely arbitrary, especially in times of hybrid work. I do feel like there really should be a digital/remote equivalent to an in-person conversation – but (for specific industries only!), there isn't really.
One could even say that the status quo is a huge scope creep in terms of the original intent of the regulation, which was apparently focused more on "things one intentionally writes down", not "things that got written down because that's just the medium in which a conversation happened" or "things that were recorded because it's technically feasible" [1].
[1] https://www.bloomberg.com/opinion/articles/2022-09-28/the-de...