This conclusion presents some closing thoughts on the concepts covered in the preceding chapters of this book. The book focuses on the impact of corporate governance on corporate Intellectual Property (IP) assets. It identifies the Technology Readiness Level system which is widely used in the technology sector. The book also identifies precisely why core accounting principles have their limitations – they were never designed to account for the value creation power of IP rights. It discusses the Intellectual Capital reporting approach that has its origins in Denmark. The book also discusses the key factor for determining disclosure by public companies is the "materiality" principle, which essentially acts as a filtering standard, and is integral to our modern corporate governance regime. It examines certain aspects of disclosure and accountability principles evolving in Denmark, Germany, Japan and the US. The book …

This article enlarges the "extended enterprise" metaphor from its origins in manufacturing-logistics management to embrace the full range of constituencies that are vital to the survival and success of the corporation. This article presents a new "Stakeholder View" of the firm which holds,that stakeholder relationships are the ultimate sources of the firm's wealth-creating capacity. According to this view; long-term business success requires a firm to develop and integrate relationships with its multiple stakeholders within a comprehensive management strategy, in order to illustrate the validity of this approach, this, article describes and analyzes the evolution and impact of comprehensive stakeholder management policies in three major firms.

The stakeholder theory has been advanced and justified in the management literature on the basis of its descriptive accuracy, instrumental power, and normative validity. These three aspects of the theory, although interrelated, are quite distinct; they involve different types of evidence and argument and have different implications. In this article, we examine these three aspects of the theory and critique and integrate important contributions to the literature related to each. We conclude that the three aspects of stakeholder theory are mutually supportive and that the normative base of the theory-which includes the modern theory of property rights-is fundamental.