EC examines reporting rules for intangibles

摘要

With the Euro in the limelight, it its easy to miss other reforms such as those in the area of KM and measurement of intangible assets that are in the pipeline. The European Commission recently funded a major research project that brings together leading business schools from across Europe to examine innovation and measurement practices in the intangible economy, which will include options for statutory reporting on intangible assets. Such regulation would undoubtedly have major implications for knowledge managers, particularly in quoted companies. Suddenly, knowledge practices within organisations would come under new forms of scrutiny Some aspects will be most welcome, as they will put KM fairly and Squarely on the board's agenda, others may be less welcome. Clark Eustace, director of the EC programme, comments 'The overriding problem for all interest groups is how to isolate and measure intangible performance drivers - the portfolio of assets, quasi-assets, commodities and competence that constitute today's real drivers of competitive advantage. In this context, a new generation of analytical models and tools is urgently needed to enable company boards, executives and investors to judge management performance and differentiate good, bad and delinquent stewardship"