"Site collection policies" option missing under "Site Collection Administration" - SharePoint 2010

Hello,
The "Site collection policies" option is missing under "Site Collection Administration".  Is there an feature that needs to be enabled that isn't out of the box?  (Screenshot attached)

Any advice would be greatly appreciated.

Thank you! Screenshot of Site Collection Administration
andy_haddonAsked:
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Justin SmithConnect With a Mentor Sr. System EngineerCommented:
SharePoint Standard features must be enabled.
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Justin SmithSr. System EngineerCommented:
no such thing
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Justin SmithSr. System EngineerCommented:
sorry, wrong thing.

enable the in place records mgmt feature (site collection feature)
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Justin SmithSr. System EngineerCommented:
hm..that won't do it either.  what version of sharepoint do you have?
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Justin SmithSr. System EngineerCommented:
i believe you need full version of sharepoint 2010, not the free foundation version
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Justin SmithSr. System EngineerCommented:
Please update.
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andy_haddonAuthor Commented:
Sorry for delay and thank you, Achilles.

We have the full verson of SharePoint 2010 server.  Not the free foundation version.
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Justin SmithSr. System EngineerCommented:
what site collection features do you have enabled?
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andy_haddonAuthor Commented:
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