IP law has evolved from being a little pool to a big ocean. Corporate governance needs to respond to society’s rising expectations of directors and boards as the impact of the global intellectual property ecosystem is felt. How can a responsible corporate culture of IP transparency be stimulated to create a rosy future to connect corporate communication with the desires of shareholders, investors and other stakeholders? The astonishing lack of material quantitative and qualitative information companies report about their IP assets makes it difficult for shareholders and other stakeholders to assess directors’ stewardship of those assets – a pressing corporate governance issue in the 21st century. This book advances IP reporting in alignment with the key corporate governance principles of transparency and disclosure. It analyses the juncture between the IP ecosystem; corporate finance and accounting for intangibles; and corporate governance. Patents, mini-case studies and an original business triage style model for assessing IP disclosures are used to illustrate the gaps corporate governance theory needs to address. Focussing on the common law tradition of corporate governance in England and Wales, intangibles and IP reporting developments in other jurisdictions are also explored.
Table of Contents
Part One The Corporate Intellectual Property Landscape
1 Corporate governance and IP assets
2 Corporate governance: the IP and patent ecosystem
Part 2 The IP finance dimension: corporate governance and transparency
3 Bridging the gap between corporate finance and corporate governance
Part 3 Accounting for IP: corporate IP assets and transparency
4 True and fair patent valuation: a corporate governance issue?
Part 4 The Corporate Governance Dimension
5 Transparency in corporate IP asset reporting
6 International initiatives in corporate narrative IP asset disclosure
7 Substance and form: developing a normative practice for corporate narrative IP asset disclosures
8 A triage-style ‘materiality evaluation model’ for IP and patent disclosures
9 Corporate governance and IP value creation reporting: reflections, conclusions and recommendations
Janice Denoncourt is a senior lecturer in intellectual property law and company law at Nottingham Law School, Nottingham Trent University in the United Kingdom