While ity's nice to talk about governance and its benefits, it's even nicer to have case studies that show the direct impact a governance policy can have on a SharePoint implementation. Microsoft provides two case studies where they've applied SharePoint governance to internal SharePoint portals to help reduce cost, improve performance, ensure information security standards, and increase search relevance.
Implementing SharePoint 2010 Site Governance and Lifecycle Managementhttp://technet.microsoft.com/en-us/library/hh305231.aspx
IT Showcase On: Microsoft SharePointhttp://technet.microsoft.com/en-us/library/hh219235.aspx
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