Increased globalisation combined with more widespread use of the internet as a means of conducting business is changing how companies worldwide are carrying out day-to-day transactions. The electronic age has brought with it an immediacy and efficiency that enables an organisation to respond to these changing dynamics thereby ensuring that they sustain their advantage in such a competitive operating environment.

However, the electronic age does not come without drawbacks and the papers are full of the continuing legal wrangles facing some of the world’s leading corporate companies, namely Andersen, Enron and, more recently, global giant WorldCom.