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What is the Internet? What is Internet governance? Who has the competency and legitimacy for it? What are the perspectives regarding the future Internet governance? These questions deal not only with the business management of the Internet but also its compliance or contradiction with conventional approaches and perceptions. These burning questions deserve to be addressed systematically, scientifically and critically, from the standpoint of the USA, the EU and even individuals. The Meta-Analysis of the secondary data yielded from disparate literature and other sources, as well as of the primary data yielded by the author via direct questionnaires, is performed in an open-minded manner and reported comparatively, along with a number of glosses. The truth can and should be presented and explained, while myths should be corrected. The critical importance of IS/IT, and naturally of the Internet, generates a significant need for an enhanced awareness in this respect on all levels, national, regional and local, and both public and private. A successful and sustainable existence in the postmodern society depends upon the effective and efficient employment of IS/IT, and without understanding the governance of their platform par excellence, the Internet, business conduct is a chimera. The goal of this article is to address the above mentioned four questions from various perspectives through pre-set hypotheses, and to bring more light in this area, an area of a, so far, rather confused perception and much discussion. As well. to perhaps even help launch initiatives towards more involvement in GAC, ICANN and in the Internet governance as such. There is no need for myths, the truth about the Internet governance should come to light.

Internet governance and its legitimacy - from rethoric to facts and even beyond