The document discusses running an effective intellectual property (IP) committee within a company. Key points include: 1) An IP committee should include members from IP, business/technical units, and an executive to make decisions. The chair guides the process. 2) The committee sets the company's IP strategy based on business objectives and delivers documentation like filing targets. 3) The committee analyzes inventions using criteria like technical/commercial significance and decides on protection like patents or trade secrets. 4) Ongoing responsibilities include maintaining existing protections and prosecution of applications. Providing members information and tools helps the committee's work.