This white paper has been developed by OmniRIM as a service to its clients and to provide guidance on the emerging issue of Information Governance. The management of information and records has come under increased scrutiny over the last seven years, starting with the Sarbanes-Oxley Act of 2002 and continuing with the guidelines of the Sedona Conference (USA and Canada versions), and the revised USA Federal Rules of Civil Procedure. The focus of these legislative and regulatory efforts has been to put the onus on organizations to show due diligence and best efforts in their governance of electronic information and hardcopy records. However, their governance efforts are proving to be much less effective in the absence of a standard set of principles by which they can judge their compliance performance.