Policy is a term to which people have an immediate reaction. Speaking of policy immediately reminds us of governance, rules, and enforcement. When dealing with an organization's data, having a policy in place is a positive thing.
Take the example of a publicly traded company. It is subject to audits, investor relations, not to mention Sarbanes-Oxley regulations. Data must be accounted for and properly managed.
The term policy in this context refers to management of information through a policy. In SharePoint terms, a policy is a set of rules that are applied against content types, document sets, folders, or document libraries. This set of rules governs the content, and tells the system what action(s) to take against the content, based on some type of status.
Creating site collection policies gives an organization the ability to standardize their policies. As sites are created under the root site, they inherit the policies.
The policies can be exported by...
