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21 July 2008 
Back to the Features Home Page

The law is an ass(et)


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Legislating behaviour?

Paul Wootten, Sandbox
Paul Wootten, Sandbox
Is it possible to force companies and their employees to behave? The cases of Enron and WorldCom, and the caution that followed, would suggest it is, even if after the fact.

The future problem for authors of governance guidelines and compliance legislation is the increasing liquidity of the virtual world.

The commerce of cyberspace is raw and unregulated, and is becoming an attractive avenue for laundered money.

Today's traditional controls over financial behaviour might one day seem as antiquated as the bankbook.



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