The report, The Board Ultimatum: Protect and Preserve, was
published by Baker McKenzie in association with Euromoney
Institutional Investor Thought Leadership, which is part of the
same company as Managing IP.
It is available to read online.
It suggests that trade secrets more important for businesses
in the digital economy, but that many companies aren't taking
basic steps to protect them.
Based on a survey of 400 executives across five industries,
the report found:
- 82% of respondents said their trade secrets are an
important, if not essential, part of their business.
- 46% of financial services executives said they consider
their trade secrets to be essential to their corporate
- 61% of respondents said protecting trade secrets and IP
is a board-level issue.
- 20% of companies said they have had trade secrets stolen.
Another 11% said they didn't know if they had or not.
- 33% of healthcare executives said they have suffered
trade secret theft.
- 32% said respondents said theft by former employees was
the greatest threat to their trade secrets.
- Only one-third of companies maintain inventories of their
trade secrets and have action plans for responding to
The report also includes a case study of Schott, interviews
with trade secrets specialists, updates on trade secrets
legislation in the EU, US and China, and advice on what
companies need to do.