We think that it is important to provide KPIs as factors which impact the corporate value creation and integrate them into business reporting to make the data and information more accessible, comparable and credible. “Concept Paper on WICI KPI in Business Reporting ver.1” (last updated on July 2010) introduces features of WICI KPIs and we will develop them based on this concept.

WICI has established a generic KPIs which companies can select amid the provided set of those indicators that they think to be the most appropriate to represent their own value creation mechanism.

- List of Generic WICI-KPIs

The following initiatives are active projects to develop industry-specific KPIs.  The KPIs are developed for the industries listed below based on the idea of the WICI Concept Paper.  The KPIs with related definitions are included in the WICI Taxonomy.  

INDUSTRY WICI-KPIs DUE PROCESS

The Industry WICI-KPIs are the outcome of a rigorous due process which consists of the following steps:

- A WICI regional/national jurisdiction is attributed by the WICI Governance Group the task of elaborating a given industry KPIs orientated towards value creation through intangibles.

- The WICI regional/national jurisdiction in charge sets up a focus group composed of experts on the selected industry with differentiated expertise. Members of this focus group generally are representative of corporate managers, specialised consultants, financial analysts professionally following that sector, academics, auditors, and possibly investors.

- The focus group develops a first draft of the WICI-KPIs referring to that industry, indicating the composition of each KPI and also distinguishing between "nice to have" and "must have" KPIs.

- This first draft is circulated amid other experts of the industry - also outside the WICI members - belonging to the same regional/national jurisdiction so to get some ad hoc comments and suggestions.

- The comments and suggestions received are evaluated and, in case, included in the initial industry KPIs document in order to formulate a more advanced draft.

- This draft document is then circulated among the other WICI regional/national jurisdictions worldwide with the aim of receiving within a set period of time further comments and suggestions by experts which are outside the original jurisdiction and also outside WICI members, in order to reach a global consensus on the WICI-KPIs formulated for that particular industry.

- The initial focus group reviews, assesses and, in case, incorporates these international commentaries, and it produces the final consensus version of the WICI-KPIs for the selected industry to be published in the pertinent section of the WICI website.