Proactively manage conduct risk with Corethix and the Integrity Risk Index™
Conduct risk best practice requires organisations to adopt more comprehensive solutions with an integrated collection of capabilities to reliably and effectively manage conduct risk compliance.
Corethix combines all the key modules, detailed dashboards and the unique Integrity Risk Index™ to provide a fully comprehensive and best practice solution for any size organisation to proactively manage conduct risk.
Key features
- Fully customisable modules to provide best practice in conduct risk management
- Detailed module Dashboards make it easy to measure engagement with employees and contractors.
- The Integrity Risk Index (IRI) for organisations to simply, and accurately, know the effectiveness of their conduct risk management initiatives.
Integrity Risk Index (IRI)
The Integrity Risk Index (IRI) has been designed to provide a high-level overview of the performance of an organisation’s conduct risk program.
Configured within Corethix by each organisation based on their industry type and their focus on specific workplace compliance requirements.
Key features
- Dashboard showing an IRI trend graph of maturity
- Weekly updated IRI score based on users’ engagement with the platform.
- Prioritised list of suggested improvements
- The IRI score is based on the integrity categories measured and the Corethix modules associated with each integrity category.
- Allows organisations to clearly identify areas of weakness or excessive risk exposure and thereby strengthen its conduct risk management program.
Integrity Risk Index (IRI) Dashboard
The Integrity risk Index (IRI) dashboard provides a single measure and trend of the performance of an organisation’s conduct risk program with prioritised suggestions for improvement.
The Integrity Risk Index (IRI) dashboard includes an IRI score trend graph, a prioritised list of suggested improvements plus a data table highlighting any issues requiring action.
Key features
- Integrity Risk Index (IRI) score trend graph updated weekly
- Prioritised suggestions for improving the Integrity Risk Index (IRI) score by using diagnostic analysis algorithms built into the Corethix platform software.
- A detailed data table to identify any issues that need to be investigated and links identified issues to the appropriate module dashboard for further analysis.
Configuring the Integrity Risk Index
The Integrity Risk Index (IRI) is configured within Corethix by each organisation based on their industry type and their focus on specific workplace compliance requirements. The IRI algorithm is based on the integrity categories that have configured and the modules that have been associated with each integrity category.
Configuration steps
- Configure integrity categories relevant to your organisation from the inbuilt library or add additional custom categories as needed.
- Select the Corethix modules that will be used to support each of the integrity categories.
- Link module elements (policies, surveys, certificate categories, declaration or incident categories, videos) to each of the configured integrity categories
Regular review and proactive management.
By using the Integrity Risk Index™, organisations can identify areas of weakness or excessive risk exposure and develop strategies to strengthen their conduct risk management program. It also helps in designing and implementing effective compliance programs, internal controls, policies, and surveys to mitigate conduct risks and foster a culture of ethical behaviour within the organisation
The combination of Corethix with the Integrity Risk Index™ provides a comprehensive best practice solution for any size organisation to proactively manage conduct risk.
Proactively managing conduct risk is the only way for an organisation to ensure that it is protecting its people, reputation, and bottom line.
Please contact us at [email protected] if you would like to get more details or if you would like to start a free 30 day trial.
Benefits
Proactively manage conduct risk with Corethix and the Integrity Risk Index™
Corethix is a conduct risk solution that helps organisations create a culture of integrity by engaging all of your people on their key employment, risk and compliance obligations whilst providing a holistic view of how conduct risk is being managed across the business.
