I have led a number of projects to build the governance structure for MOSS implementations and it always is a challenge.  Getting the right mix of business participation in the decisions about the information architecture, how the sites will be structured, and how to measure the business value of the implementation are key concerns.  This is an interesting little video from Michael Gannotti on SharePoint that provides a few good ideas about how to document the governance decisions that your company makes.
SharePoint and Governance
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