Policy clause issues

[Faheem SIDDIQUI <fahimdxb () gmail com>]

Is it alright to insert this clause into your IT Security policy:

"All company e-mails are owned by ABC Corp. and ABC reserves the right 
to review the contents whenever deemed necessary after obtaining the 
necessary approval. Unless shifting of locations within ABC is involved, 
no email backup/restore requests will be entertained."

Are there any legal/other implications of this..irrespective of the 
countries ?


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