ABSTRACT
This chapter describes the proposal of a management control system that attempts to embed an intellectual capital (IC) perspective to identify, measure, and manage environmental and social initiatives. The construct of IC – defined by Stewart as knowledge, information, intellectual property, and experience, which can be exploited in order to generate wealth – offers a means to visualize, assess, and measure the knowledge accumulated within the firm, also referred to as 'intangible resources' or 'intangible assets'. Researchers and consultants have studied the advantages of IC management on companies' organizational value creation. Management control is essential in promoting corporate sustainability and academics are increasingly calling for empirical research on the role of management control systems in relation to environmental and social activities undertaken by organizations. The primary role of researchers was to introduce the IC conceptual scheme and related theories to organizational members.
