The following is from Chris Walker’s blog “Info Mgt Nuggets.”
Principles of Information Governance

1)Do you understand that information is an asset?
2)Do you understand what you’re using information for?
3)Do you understand where information is coming from and where it’s going to?
4)Do you understand when you need your information?
5)Do you understand who can and should be using it, and for what?
6)Do you understand your social, regulatory and compliance obligations?
7)Do you understand your information related risks?
8)Do you understand how stakeholders are interacting with it?
9)Do you understand the lifecycle of your information?
10)Is someone accountable for how information is governed and managed across the organization.

You can get more detail here.