IP Governance Task Force Information

The IP Governance Task Force provides comprehensive solutions to evolving Internet-based activities which devalue IP owned by major banking and financial institutions. Comprehensive solutions to these problems require more than just technical solutions and involve corporate governance and operational risk (Basel II) issues. The Task Force addresses a range of IP-related issues, including IT, regulatory and disclosure, legal, risk management, insurance, security and operational risk issues. Operational risk is defined in Basel II as "the risk of loss resulting from inadequate or failed internal processes, people, and systems or from external events. This definition of operational risk includes legal risk - which is the risk of loss (including litigation costs, settlements, and regulatory fines) resulting from the failure of the bank to comply with laws, regulations, prudent ethical standards, and contractual obligations in any aspect of the bank's business - but excludes strategic and reputational risks." The IP Governance Task Force is a multi-disciplinary team of IP professionals providing a coordinated IP Governance solution and competitive advantage for public and private organizations with management, education, advisory, legal, data-mining, remediation, insurance, and rating services. Members include industry thought-leaders from auditing, legal, and technology companies.