ABSTRACT
The integrated reporting movement is a good example of the third stage of development of intellectual capital (IC) thinking: from raising awareness to theory building and frameworks, and now to IC in practice. While it is still in its infancy across the world and even less common in the United States (US), there are already some compelling examples of integrated reporting practice in the US. Many of the issuers of integrated reports are public companies that are already subject to an extensive and well-established reporting environment. Any examination of integrated reporting in the US has to take into account this existing regulatory context for reporting of financial and business results by public companies and/or those with large numbers of shareholders. The International Integrated Reporting Council (IIRC) defines IC as "organizational, knowledge-based intangibles, including: intellectual property, such as patents, copyrights, software, rights and licenses; and 'organizational capital' such as tacit knowledge, systems, procedures and protocols".
