**5.3 KM Governance Perspectives**

Corporate Governance and IT Governance do not explicitly mention to consider Intellectual Capital as a resource in the enterprise strategies. Even so, as pointed out by Edvinsson and Malone (1997), "The core of the so-called *knowledge economy* is huge investment flows into human capital as well as information technology" (p. 12). However, we think that the knowledge economy will oblige to take into account Intellectual Capital. Consequently, we need to study the link between KM, and Corporate Governance and IT Governance. To enable such a study, we must refer to a KM pattern of reference to elaborate KM Governance principles.
