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Submission + - Do private companies have to keep their email?

An anonymous reader writes: So I'm an IT intern at a medium-sized manufacturing business. In short, my superiors have asked me to research if privately-held corporations have to archive all of their email.

Have any laws pertaining to archiving/backing up emails been recently passed or proposed in light of any headline corporate scandals?

Or, more simply put, is it legally ok for employees and administrators at private companies to permanently delete their emails?

A method of solution is perfect if we can forsee from the start, and even prove, that following that method we shall attain our aim. -- Leibnitz