ABSTRACT
This chapter provides a synthesised understanding of intellectual property (IP) rights, IP finance and corporate governance principles to inform the direction of future corporate IP asset reporting and the need for systemic change in the post-recession economy. Corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The traditional approach to valuation and corporate accountability for IP assets will be contrasted with the more holistic, ecosystem approach. In expounding on the way in which the system of corporate governance works in the context of IP assets, it is possible to gain a better understanding of the difficulties faced by IP rights owners and the company directors responsible for managing these corporate assets on behalf of their shareholders. The chapter also presents an overview of the key concepts discussed in this book.
