Company directors in financial services companies are attaching growing importance to the value of intellectual property, even though current accounting standards do not normally allow them to account for the value of intellectual property and other intangible assets, according to research by Marks & Clerk, a firm of patent and trade mark attorneys.
The survey reveals that directors in the industry have a high regard for their intangible assets. It is believed by 82% that it is important to value their intangible assets, and 75% think their intellectual property rights are key business assets.
