Information Governance is an approach to managing information assets across an organisation to support their overall business outcomes. It involves having frameworks, policies, processes, standards, roles, controls and systems in place to meet regulatory, legal, risk and operational requirements.
Information governance establishes where your information is created and managed. With a strong framework in place, information can be leveraged throughout its lifecycle, helping you to significantly improve services to your customers, make informed decisions and provide insight to future strategies.
There are regulations and laws that help define information governance within an organisation, some of these include:
National Archives Australia (NAA) have an extended list of key laws that impact the information management responsibilities of most Australian Government agencies, these can be referenced here.