Corporate Assets

The assets of a organisation, whether tangible (people, products or property) or intangible (information, goodwill or intellectual property), are the most significant determinant of a organisation’s value. The tangible and intangible assets of a organisation need to be properly maintained and secured to ensure the organisation’s economic value and income producing ability is preserved. For this to be accomplished Directors have to be sure that tangible and intangible assets are managed responsibly and securely and are safeguarded both physically and, if need be, legally. ASIC regards this as a commercial expectation of all directors (Director’s Responsibilities: The reality vs the myths).