Liquid Matrix recently published a great article "If An Infosec Policy Falls In The Forest"

When you are building an Information Security practice you need a solid governance structure in place. For those of you who might not be familiar we can look at it a more accessible way. If you are building a house you need a solid foundation otherwise the thing will collapse.
Much in the same vein, if you do not have a solid set of policies, you are destined to fail.

All is not lost as there are all sorts of resources that are available to help you online. The key point to remember is that with anything you find should never be used verbatim. If you cut and paste a policy you find online and swap the letterhead you should just hang up your tin star now. Do not pass go. Do not collect $200.

Read more here