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Internet-Influence on Corporate Governance — Progress or Standstill?

In the emerging 21st Century the Internet has become an all-encompassing part of our lives. At least a third of all people in Germany and the UK have access to the Internet. In the US estimates go up to 50%. No successful company may safely ignore the web; “e-commerce” is everywhere. The Internet required many changes to the various legal systems, in private, criminal and public law. While some of these changes happened fast and drastically, certain areas have only carefully been adapted. Among these slowly evolving parts is the law of corporations. Therefore, even though business contacts are already made online, it is still common practice to base shareholder communications and the filing of information with public registers on paper.