internet regulation task-devise a system for regulating the internet

Consider firstly what are the issues surrounding being able to access ideas from all over the world publishing our words and images?-
The issues which surround the fact that people are able to access ideas from all over the world is that too much information is being spread over the world, and people are being able to gain access to nearly any piece of information which they are looking for. People which have access to the internet can look for nearly everything. Things ranging from information about a public place to having information about people; their social background, their age etc. This has led to massive concerns over the privacy of people arising, as we do not know what sort of people may be looking at our public profiles etc.Also concerns have arised over how this information is available to any one which has access to the internet, and sometimes the information posted onto the world wide web may include false information.
Who would be responsible for internet regulation-
I believe that a new organisation should be made in order to look at what things are posted onto the internet, and restrict any information which they believe could cause serious harm to people or disrupt any activities e.g if a site is made with false information about somebody then that could be stopped by this organisation as it could harm thier life/career.
Are there any existing bodies who could/should do this?
There is already a company called ICCAN which is a non-profit corporation that is assuming responsibility from the U.S. Government for coordinating certain Internet technical functions, including the management of Internet domain name system.
Would it require a new organisation?
I dont think it would require a new organisation as the corporation is starting to enoforce stricter rules on the information which is posted onto the internet.