Laws and Regulations

The accountability of eBusiness to a large extent rests on the transparency of the legal and regulatory framework, as well as on the state’s ability to monitor business conduct and intervene when necessary. The framework also has the role of change driver. Under- and over-regulation cause undesirable impacts. The framework contributes to the assurance needed for transforming business processes from a traditional paper based to an ICT enabled process. A well justified framework has characteristics like coherence, clarity, predictability, and complemented with application procedures like enforcement and complaint management. The law-maker is expected to represent the collective interest of all the stakeholders.

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