Abstract:Purpose -Informed by the findings of a follow-up research study of companies originally involved in the Danish Guideline Project for Intellectual Capital Statements, this paper provides valuable insights for a potential shift from IC reporting, largely informed by an accounting perspective, towards IC-related disclosures.Design/methodology/approach -The paper draws on data obtained from 21 semi-structured interviews with respondents in 16 companies. The respondents were contacted following a genealogical exercise carried out on the 102 companies involved in the Danish Guideline Project between 1999 and 2003.Findings -The interviews suggested a rather critical perspective towards IC reporting using the intellectual capital statement framework. Despite the attempt of the Danish Guideline Project to establish a reporting standard, a range of experiments resulted in changes to the framework's original structure. Overall, a trend towards more integrated forms of reporting was discernible, in some part being motivated by the need to reduce the levels of reporting overload. Examples of integration designed to legitimise intellectual capital or corporate social responsibility reports, involving issuing them in tandem with a recognised reporting vehicle such as the annual report, were also encountered.Research limitations/implications -The implications of this study are that timely, value-relevant IC disclosures and compliant reporting, primarily for accountability purposes, have the potential to coexist. In addition to the usual limitations of a semi-structured interview research design, respondents' difficulties in clearly recalling events during the project after some 10-12 years is a further potential limitation. Additionally, the use of Internet-based communication channels for disclosure purposes was in its infancy at the time of the Danish Guideline Project.Originality/value -The paper provides important insights into the mechanisms of intellectual capital disclosure and intellectual capital reporting as seen from a practitioner perspective. Implications relevant to the continued development of integrated reporting are also identified.

Purpose-This paper provides an overview of the Danish Guideline Project and its subsequent fate within participating companies since its conclusion in late 2002. Particular focus is placed on the traction that the Intellectual Capital Statement approach to reporting, as the principal outcome of the project, was able to acquire in practice. Design/methodology/approach-Following the reconstruction of the original sample of 102 companies that originally participated in the project, a survey using semi-structured interviews was pursued among 64 individuals who were identified as having some involvement with the guideline project and/or producing intellectual capital statements in these companies. In addition to the interviews, a range of secondary information has been used to supplement the primary data and research protocol. Findings-The project was found to have enjoyed only modest success and thereby failed to achieve any substantial traction among the participating companies and related public stakeholders. On balance, however, respondents believed that the exercise had been a positive experience, with benefits for the internal management of the companies, as well as for human capital (employees). The obstacles that radical initiatives such as the Intellectual Capital Statement continue to face should not be underestimated. Research limitations/implications-A single study of a specific initiative necessarily entails many limitations. It is conceivable that the views of some of the participants in the guideline project who are absent from the present sample may provide details of a different experience, although it is unlikely that these would seriously challenge the findings reported here. Originality/value-This study is the first to explore the fate of the critically acclaimed Intellectual Capital Statement approach among companies participating in the Danish Guideline Project.

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