Sometimes when checking out a group policy with Group Policy Manager (GPM) the following error may be seen.
The system cannot find the file specified. (Exception from HRESULT: 0x80070002)
This is specific to just certain Group Policy Objects (GPO) and not a system wide GPM problem.
This problem can occur if Anti Virus software is monitoring SYSVOL and the GPO contains something that the Anti Virus software considers dangerous, for example a vbs logon script. The Anti Virus program then removes the suspect directory that is created for the GPO in SYSVOL.
To resolve this problem stop the Anti Virus product from monitoring SYSVOL
Please also refer to the following Microsoft Document "Virus scanning recommendations for computers that are running Windows Server 2003, Windows 2000, or Windows XP" http://support.microsoft.com/kb/822158 for more information regarding best practice for what to exclude from Anti Virus scans
This is essentially an Anti Virus / Native GPO issue. This solution is produced to document the error that is thrown by GPM when this problem occurs.
