ANSI-Approved Standard for Board IC Oversight

Based on the ANSI/LES ICBR Version 1.0-2022 standard, our consulting service helps boards protect shareholder value and reduce legal liability through structured intellectual capital oversight.

Why IC Oversight Matters Now

Today's companies derive over 85% of their value from intellectual assets - not physical ones. Yet most boards lack structured processes to identify, protect, and maximize these crucial assets. The Intellectual Capital in the Boardroom (ICBR) Standard provides a clear framework that directors can follow to fulfill their fiduciary duties.

Without proper IC oversight, boards face:

  • Increased legal liability from shareholder actions
  • Missed opportunities to enhance company value
  • Unidentified risks to critical intellectual assets
  • Potential brand and reputation damage

The ANSI/LES ICBR Standard Solution

The ICBR Standard establishes a practical process for boards to identify, protect, and maximize intellectual capital while managing related risks. As an ANSI-approved standard developed by the Licensing Executives Society, it provides a defensible framework for board IC oversight.

Key benefits include:

  • Reduced legal exposure through documented oversight procedures
  • Enhanced shareholder value by properly managing intellectual assets
  • Strategic clarity on which intellectual assets truly drive company value
  • Risk mitigation through structured identification and protection
  • Crisis preparedness for potential IC-related events

Our Implementation Approach

We don't just explain the standard - we guide you through its practical implementation with a human-in-the-loop approach that combines our IP expertise with data-driven insights.

1. Board Agenda Integration

We help establish intellectual capital as a standing board agenda item with appropriate reporting structures and documentation.

2. Director Education & Baseline Awareness

We ensure each director understands:

  • How intellectual assets drive modern company value
  • Core principles of IC management and oversight
  • Responsibilities and potential liabilities

3. Intellectual Asset Ledger Development

We guide your team through:

  • Identifying material intellectual assets specific to your business
  • Creating a comprehensive IC inventory
  • Establishing risk tolerance frameworks
  • Documenting protection strategies

4. Crisis Planning for IC Events

We help prepare for potential threats through:

  • Identification of IC-related crisis scenarios
  • Development of response strategies
  • Resource allocation planning

5. Sustainable Oversight Processes

We establish procedures for:

  • Onboarding new directors with IC awareness
  • Regular review of IC strategies
  • Maintaining updated knowledge of IC issues

Why Choose Novelty Hill IP

Unlike traditional consultants or AI-only solutions, we combine deep IP expertise with cutting-edge technology to deliver tailored solutions.

Our Unique Advantage

  • Combined 50+ years of patent and IP management experience
  • Data science capabilities to quantify and analyze intellectual assets
  • Practical implementation experience with companies of all sizes
  • Human expertise enhanced by AI and machine learning

Ready to Get Started?

Protect your board and maximize your company's intellectual capital. Schedule a consultation to discuss how the ICBR Standard can benefit your organization.

Contact us today:

Connect with us on LinkedIn: David Andrews | Jack Bradley