Every change of society’s way of life there is always a reciprocal effect to the society’s law and order. Take for example when the revolution of high technology supply chain management is being adopted in the International business activity, laws are being amended to fit to the new environment of high technology supply chain management.
In a macro level of internet usage, not only in import and export activity but all aspects of business endeavor are enhanced with the internet technology infrastructure. Thus, increasing concerns of cyber crimes are affecting the different business establishments like banks, stock markets, logistics and other internet dependent businesses. Accordingly, Cyberlaw is being included in the classifications of law.
GIVEN EXAMPLES OF CLASSIFICATIONS OF LAW:
Civil Law
Criminal Law
Substantive Law
Procedural Law
Federal law
State Law
Private Law
Public Law
International Law
Tort Law
Cyberlaw
Though there are more examples that can be given as classifications of law, but the writer would like only to emphasize that at this time cyberlaw is a segment of law and order that is still in the fast pace of its evolution.
By definition, Cyberlaw refers to any legal transaction conducted in the internet. As the writer mentioned previously that internet is widely used in international banking and other business transactions, such that, legal documents are generally online and softcopy in nature.
Therefore, with this nature of 21st century business transactions law and order in the internet is presently a somber agenda.
E-COMMERCE Moving Company Information in the Internet:
The notice and access model involves the following steps:
1.The company posts the proxy materials on its publicly accessible Web site.
2. The company sends a (paper) notice to each shareholder at least forty calendar days
3. No other materials can be sent along with the initial notice.
4. The notice must be written in plain English, and it must include a prominent statement of the following: the date, time, and location of shareholders meeting.
5. The company must wait at least ten days before sending a “paper” proxy card to the shareholders.
6. If a shareholder requests paper proxy materials, the company must send them within three business days.
7. After receiving the initial paper notice, a shareholder can permanently elect to receive all future proxy materials on paper or by e-mail.
(Clarkson et al. 2009)
ISBN 0-324-40196-5
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