Governance may apply to many different aspects of business but here is a general definition from Microsoft: "it is the set of policies, roles, responsibilities, and processes that guides, directs and controls how an organization's business divisions and IT teams cooperate to achieve business goals." Essentially without governance you IT team cannot productivity assist your business. Aligning IT and business taps into a wealth of profitable possibilities for your organization. This white paper explains the importance of governance dealing with SharePoint in an organization, how to implement a successful strategy and some best practices for SharePoint governance.