This e-book represents some of the main current research activities in intellectual capital (IC) in Europe and Australasia; which were all presented at the conference, "The transparent enterprise. The value of intangibles" held in Madrid in November 2002. These contribute a fourth dimension to the current research interests of accounting, management control and management and that is where the subject should be going in the future - its current shortcomings, IC's potential for policy making and the need for some basic research. This e-book takes stock of the subject and its development and therefore is a "must read" for those in the field.