This paper proposes an approach to developing corporate policies for electronic commerce. The internet and related public private networks, such as EDI and Intranets are growing rapidly as a medium for commercial enterprises to transact business and develop relationships both internally and externally. While there is no body of law or commercial precedent governing such activity on the Internet, this paper argues that corporations would be well advised to construct policies for their individual approach to electronic commerce. The paper offers a schema for developing such policies.