Essential changes are taking place in political power structure. This transformation is often described as a shift from “government” to “governance”. The question is: if the new patterns of network order are compatible with democratic standards? This paper is a contribution to understand the emergence of new forms of governance and the phenomenon of transnational cooperation, which is above and beyond the division of public” and the “private” sphere, which were clearly separated up to now. The Readers can also find the analysis of accountability and legitimacy in networked structures of governance (no hierarchy, public and private actors) and evaluation of the various proposed solutions.