Every decision, gate, near-miss, and defective specification is kept. Over time the Record becomes a proprietary account of how your work goes wrong — checked against every new instance, compounding into an advantage that cannot be purchased, reconstructed, or ripped out.
What your firm knows that a rival does not is the accumulated account of how work in your domain fails. It cannot be bought — it requires having erred in your domain. It cannot be scraped — failures are what organisations never publish. And it compounds — every new instance is checked against everything already recorded.
Who decided this, when, on what basis? The Record turns a forensic exercise into a query.
When a regulator or board asks, you produce the account. That capacity is a reputation, and it compounds.
Each failure caught makes the next one cheaper to catch. The Record is the switching cost that is actually real.
Foundation installs it. From day one, every consequential decision is kept.