World Intellectual Capital Initiative (WICI)

WICI, the world’s business reporting network, is a private/public sector collaboration aimed at improving capital allocation through better corporate reporting information. To achieve this vision we have three major goals: The first is to develop a voluntary global framework for measuring and reporting corporate performance to shareholders and other stakeholders. Throughout the world, different terms such as opportunities, risks, strategies, plans, intellectual assets/capital, intangibles or value drivers are often used to describe some of the concepts within corporate performance. The second is to develop guidelines for measuring and reporting on industry-specific key performance indicators. The third is to facilitate the development of XBRL taxonomies for this content. We believe that such better information will improve capital allocation decisions both within companies and between investors and companies. The result will be more wealth creation for a better world economy.