Your Teams Governance Plan and SharePoint Governance Plan are separate but complementary governing documents under an overarching Office 365 Governance Plan. While these are two separate tools within the Office 365 suite, Teams utilizes SharePoint as well as other Office 365 components such as OneDrive for Business, and Exchange Online to manage Teams content. Teams governance must therefore, align with governance plans for those applications.

For example, SharePoint Governance focuses on site lifecycle and management. Microsoft Teams Governance best practices focuses on Teams life cycles, naming standards, access, as well as data security and compliance..