This is a grid listing of all documents that have been saved to the company location. Along with the documents is the history of all the users that have opened the document to view it. In this grid you can change the name of the document, change the document type, whether the document is the current version, and if you have the appropriate application rights, you can change the Retention Date or whether the document is Customer Viewable or not (using the customer web portal).
With company locations, you want to be sure to only save documents that affect the company. Do not put notes or documents that would affect a specific project into these sections. Users will not be looking in the history of a company for anything related to a project. One exception might be a blanket purchase order issued by the customer to your company that will be used for multiple projects, or a floor plan that may be used on multiple projects.
Users, with the proper application rights, can change the current status of the document (not current documents show with a strike through font), the document name, the document type, the security level (only at their level or below), and the retention date (with the proper application right).