Corethix ModuleIntegrity Risk Index
Providing a high-level measure of the performance of an organization's conduct risk program. Simply, and accurately, know the effectiveness of your conduct risk management initiatives.
Integrity Risk Index
LiveEverything you need to measure conduct risk performance
A comprehensive solution for measuring and improving your organization's integrity
Proactively manage conduct risk with the Integrity Risk Index
Conduct risk best practice requires organizations 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.
Corethix and the Integrity Risk Index provide a comprehensive best practice solution for any size organization to proactively manage conduct risk.
6 steps to configuring and using the Integrity Risk Index
Follow these steps to set up the IRI for your organization and start measuring conduct risk performance
Configure integrity categories
Select integrity categories relevant to your organization from the inbuilt library or add additional custom categories as needed. These categories define the areas of conduct risk that are important to your organization.
Corethix: Corethix includes a comprehensive library of integrity categories covering common conduct risk areas. Custom categories can be easily added to match your organization's specific requirements.
Select supporting modules
Choose the Corethix modules that will be used to support each of the integrity categories. This creates the connection between your conduct risk management activities and the IRI measurement.
Corethix: Each Corethix module (policies, surveys, certificates, declarations, incidents, videos) can be linked to one or more integrity categories to build a comprehensive measurement framework.
Link module elements to categories
Link specific module elements such as policies, surveys, certificate categories, declaration or incident categories, and videos to each of the configured integrity categories. This provides the granular data that drives the IRI score.
Corethix: The IRI algorithm uses data from linked module elements to calculate a weighted score for each integrity category, which is then aggregated into the overall Integrity Risk Index.
Monitor the IRI dashboard
Use the IRI dashboard to monitor the weekly IRI score trend, review prioritized suggestions for improvement, and investigate any issues highlighted in the detailed data table.
Corethix: The IRI dashboard provides a single view of your organization's conduct risk performance with trend analysis, diagnostic insights and direct links to module dashboards for further investigation.
Act on prioritized suggestions
Review and implement the prioritized suggestions for improvement generated by the Corethix diagnostic analysis algorithms. These suggestions are based on the data collected across all linked modules and integrity categories.
Corethix: Corethix analyzes engagement data, compliance rates and risk indicators across all modules to generate actionable suggestions ranked by their potential impact on your IRI score.
Regular review and proactive management
By using the Integrity Risk Index, organizations 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.
Corethix: The combination of Corethix with the Integrity Risk Index provides a comprehensive best practice solution for any size organization to proactively manage conduct risk and foster a culture of ethical behavior.
Powerful features for measuring integrity
Built for organizations that want to proactively manage conduct risk
IRI Score & Trend
Dashboard showing an IRI trend graph of maturity with weekly updated scores based on user engagement with the platform.
Prioritized Improvements
Diagnostic analysis algorithms provide a prioritized list of suggested improvements to strengthen your conduct risk program.
Fully Configurable
Configure integrity categories relevant to your organization and associate Corethix modules to each category.
Detailed Dashboard
IRI dashboard includes score trend graph, prioritized suggestions and a data table highlighting issues requiring action.
Risk Identification
Identify areas of weakness or excessive risk exposure and develop strategies to strengthen your conduct risk management program.
Weekly Assessment
Get a weekly assessment of your conduct risk program with alerts for issues requiring action and compliance improvement tracking.
Why organizations choose Corethix
Proactively managing conduct risk is the only way for an organization to ensure that it is protecting its people, reputation, and bottom line.
Measure Performance
A single, quantitative measure of your conduct risk program's effectiveness that boards can understand and act upon.
Reduce Risk Exposure
Identify areas of weakness or excessive risk exposure before they escalate into serious compliance issues.
Foster Ethical Culture
Design and implement effective compliance programs, internal controls and policies to foster a culture of ethical behavior.
Proactive Management
Move from reactive compliance to proactive conduct risk management with data-driven insights and weekly assessments.
Integrity Risk Index FAQ
Common questions about the IRI and measuring conduct risk performance