Governance Resource Center for SharePoint Server 2007
Governance is the set of roles, responsibilities, and processes that you put in place in an enterprise to guide the development and use of a solution based on SharePoint Products and Technologies. Effective governance can:
* Protect the enterprise, such as by helping to ensure regulatory compliance.
* Greatly increase the usability of a solution. For example, the governing body in an enterprise can define metadata requirements for all content that makes it easier to categorize and search for the content across the enterprise.
* Increase an organization's efficiency — for example, by requiring training as a prerequisite to becoming the administrator of a SharePoint collaboration Web site.