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Corporate Culture Index Overview
 

Corporate Culture Index Overview

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Overview on how the the Corporate Culture Index™ market tool can improve internal auditing and corporate governance.

Overview on how the the Corporate Culture Index™ market tool can improve internal auditing and corporate governance.

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    Corporate Culture Index Overview Corporate Culture Index Overview Presentation Transcript

    • Corporate Culture Index™ Overview July 1, 2010
    • Corporate Culture Index™ (CCI) Introduction What is zEthics.com and the CCI™? an online 3rd party information service that brings dynamic dashboard information into the hands of the Board, Management, and Internal Audit - empowering them with the intelligence to identify and respond to the people risk and safety on the horizon. People Business Integrity Hierarchy ™ Ethics Process & Values Governance, Risk, and Compliance Technology Corporate Enabler of “real-time” Enterprise Quality of risk and Culture communication of risk Risk control information Excellence and control information Management The zEthics.com and the CCI™ solution enables companies to validate the layer of business integrity most important to achieve and sustain organizational success – its People 2
    • Corporate Culture Index™ (CCI) Introduction  The Corporate Culture Index™ provides new insight into strategy, operations, risk and control management  Measure and monitor success through organizational Ethics change events triggered by: Governance  New company goals, strategies, and objectives Risk Management  Management and Personnel changes  Organizational Restructuring Compliance  Charter and Policy changes Internal Control  Mergers & Acquisitions Communication & Trust  IT Implementations Corporate Culture Index™  External Factors When the “top” and “bottom” are not in sync are the  Challenges assumptions and gains positive middle activities really effective? assurance over ethical behavior and the “soft controls.” 3 *** Proprietary Information ***
    • Data Structure & Reporting  The Corporate Culture Index™ is yielded from the zEthics.com information service that administers and manages employee surveys and data for management reporting. Corporate Culture Index ™ 10-point scale 1 2 3 4 5 6 7 8 9 10 Poor Excellent  There are eight (8) key reporting categories rated on a 10-point scale, which cover the following cultural dimensions:  Ethics & Governance  Risk Management  Strategic Planning  Management  Communication  Organization  Empowerment  Compliance (Audit, Quality, Regulatory) 4 *** Proprietary Information ***
    • Data Structure & Reporting..cont’d  Data structures mirror organizational hierarchy at the Company level, Business Unit level, and Management level within four (4) personnel responsibility levels:  Board Fiduciaries  Officer Fiduciaries  Non-Officer Fiduciaries  Key Functional Management (non-fiduciaries)  Ethics Action Reporting - Interactive communication for supporting complaint documentation and case management  Suggestion Reporting – Identify and initiate improvement ideas that drive business returns 5 *** Proprietary Information ***
    • Example CCI™ Dashboard Business Unit Survey Business Unit 1 Business Unit 2 Business Unit 3 Business Unit 4 Business Unit 5 Ethics & Governance 4.6 4.7 2.4 5.3 4.3 Risk Management 4.3 4.9 1.0 5.3 3.9 Strategic Planning 3.7 4.0 2.8 5.0 3.9 Management 3.6 4.1 1.3 4.9 3.5 Communication 5.0 5.6 4.3 5.9 5.2 Organization 4.0 4.8 2.5 5.1 4.1 Empowerment 4.5 4.9 2.8 5.6 4.5 Auditing / Quality Control 5.2 5.4 3.8 5.6 5.0 CCI™ Composite Rating 4.4 4.8 2.6 5.3 4.3 Drill down and gain dynamic views into the organizational corporate culture for internal benchmarking BU #3 Executive Survey CEO CFO COO VP HR CIO Ethics & Governance 8.6 8.2 2.1 1.6 5.8 Risk Management 8.0 7.2 3.1 3.0 5.8 Strategic Planning 7.4 7.6 3.6 3.4 5.2 Management 7.6 7.8 1.4 1.8 5.4 Communication 5.4 6.0 1.1 1.0 4.8 Organization 6.2 7.8 1.8 2.0 5.8 Empowerment 7.2 7.6 2.5 2.0 5.4 Auditing / Quality Control 8.0 4.8 2.3 2.0 6.6 CCI™ Composite Rating 7.3 7.1 2.3 2.1 5.6 6 This is fictitious data for illustrative purposes only *** Proprietary Information ***
    • Corporate Benefits  Quickly identify high risk areas of the business, including non-compliance, weaknesses, mismanagement, fraud, and corruption  Quantify how company goals, strategies, and objectives affect management philosophy and operating style  Plan for and manage the risks associated with organizational change events  Support strategic decisions that affect organizational changes and restructuring of authority and responsibility  Transparency, accountability, and integrity that support the risk oversight duties of care, loyalty, and prudence  Demonstrate risk oversight and responsible corporate citizenship by disclosing risk information and cultural trends in the proxy.  Ensure that D&O liability coverage exclusions are not invoked (i.e. for fraud, negligence, non-compliance, etc.) 7 *** Proprietary Information ***
    • Internal Audit Benefits  Empower Internal Audit with a source of risk intelligence that;  Support dynamic audit planning  Utilize resources more effectively  Reduce audit cycle times; and  Improves governance, internal control, and risk management  Test, measure, and monitor the effectiveness of the Tone at the Top and the corporate culture on a relative scale  Become a catalyst for corporate culture excellence by fostering honesty, loyalty, mutual trust and respect  Support Internal Audit opinions and compliance with Institute of Internal Auditors (IIA) Standards 8
    • Founders  Michael Brozzetti, CIA®, CISA®, and CGEIT®  President of Boundless LLC  Internal audit Quality, Training, Education and Support  Ethics, Governance, ERM speaker and workshop leader  Qualified IIA Instructor  Chairman of Business Integrity Alliance™  Chairman of the Chief Audit Executive Roundtable  Adjunct Instructor with Villanova University  Mark Rome  Founder of zEthics, Inc  Co-Founder of Business Integrity Alliance™  Member NACD, IIA and IMA  Media and Publications  Rome, Mark (2010), Using Analytics to Restore Public Trust, Taylor & Francis  Brozzetti, Michael (2009). A New Era for Internal Auditors. IIA Insight.  Internal Auditing and Fraud Interview (2010). Comcast MoneyMattersTV 9
    • Business Integrity Alliance A Joint Venture of zEthics, Inc. and Boundless LLC Contact Information Michael Brozzetti CEO, Boundless 3513 Bowman Street Philadelphia, PA 19129 (215) 687-7376 mbrozzetti@boundlessllc.com Contact Information Mark Rome CEO, zEthics, Inc. 980 9th St., 16 Floor Sacramento, CA 95814 (602) 358-9586 mrome@zethics.com http://www.zethics.com DISCLOSURE: Michael Brozzetti is CEO & President of Boundless LLC, an internal audit and risk advisory firm and is Chairman of the Business Integrity Alliance™ which is a joint venture between zEthics, Inc. and Boundless LLC. Michael Brozzetti is a Certified Internal Auditor® in good standing with the Institute of Internal Auditors and certifies his accountability to the principles within the Institute of Internal Auditor ‘s Code of Ethics. Michael is a CIA Learning System training partner with the Institute of Internal Auditors, Villanova University, and the Holmes Corporation. Michael Brozzetti is currently under consideration for the zEthics, Inc. Board of Directors. 10
    • Strategic Partnerships Case Study Highlights  Villanova University  Instrumental to the 2008 inception of the IIA/Villanova CIA Learning System university partnership program.  Supported marketing and growth of the program increasing registration by over 150% from its inception.  Over 85% of students rated instructor overall performance as exceptionally good during 2010 program.  Holmes Corporation  Successful collaboration and delivery of two (2) corporate on-site CIA training programs  Over 30 participants served  IIA Philadelphia Chapter  Founder and Chairman of the 2010 CAE Roundtable that attracted over 50 participants in 2 sessions  100% of CAE participants rated Chairman performance as exceptionally good (35%) or above average (65%)  95% of CAE participants rated overall value of roundtable as exceptionally good (15%) or above average (80%)  Business Integrity Alliance™ Joint Venture  Co-Founder and Chairman of the Business Integrity Alliance™ a joint venture with zEthics, Inc. committed to advocating corporate governance excellence and supporting corporate governance market initiatives  Awarded as one of only 11 consulting firms to participate in the California Public Employee Retirement System (CalPERS) Corporate Governance Research Spring-Fed pool over the next 3-5 years to support market place.  Aline  Collaborative partnership to support the application of governance, risk, and performance methods to improve organizational accountability, transparency, and integrity. 11