Culture Risk Assessment
A diagnostic process that quantifies integrity-based risks in your organization

If corporate culture is a risk that matters to regulators and prosecutors, it should also matter to your Board and senior leadership.

How do you know if your employees will do the right thing?

It's one thing to determine which legal risks your organization faces and to put in place a code of conduct and even a help line. But do you know if your employees will feel either safe enough, or courageous enough, to report an incident? We can talk about "tone at the top" but do your managers demonstrate the values needed to create a positive work environment? Culture Risks can undermine, as well as determine, the success of any ethics and compliance program.

Can you measure culture?

Working Values' Culture Risk Assessment makes tangible the intangible, by creating an objective means of looking at values as they relate to ethical risk.

The Culture Risk Assessment:

• Makes it possible to translate soft qualitative data on values into quantitative data that can be reported internally and externally.
• Provides a base-line measurement instrument for monitoring changes in the organizational culture.
• Provides a method for measuring the resources available to the organization to meet its integrity goals.

Working Values provides a Culture Risk Assessment Program that consists of:

• Deployment of an industry-leading web-based values survey based on the methodology developed by Richard Barrett & Associates.
• Workshops with the leadership team and/or the compliance committee to review results and develop an action plan for reducing culture risks and supporting the goals of the ethics and compliance program.

WHAT IS A CULTURE RISK ASSESSMENT?

Working Values' Culture Risk Assessment has been adapted from the Corporate Transformation Tools developed by Richard Barrett & Associates, used by more than 700 organizations in 24 countries since 1999. It has been adopted by the international management consulting firm McKinsey & Co. as its method of choice for mapping corporate cultures and measuring progress toward achieving culture change.

HOW DOES THE CRA WORK?

The Culture Risk Assessment assigns all of the values and behaviors we bring to the workplace to one of seven levels. Each of these levels reflects a different dimension of us as individuals, as well as the cuture of our organizations. By looking at strengths and weaknesses in these categories, we can determine where critical ethics and compliance behaviors may be difficult to demonstrate. An ethical organization reflects values in each of the 7 Levels.

ANALYSIS

The analysis serves as the foundation for identifying areas of focus and ways to harness the organization's strength to fill these gaps. The analysis will also shape discussion as to what type of training and communication will be necessary to meet the organization's integrity goals. The analysis will provide insight on to how to prioritize interventions to solidify and sustain the culture in order to achieve desired levels of integrity.

OUTCOMES

The outcomes from the process will provide the organization with two key indicators::

• Feedback on how the senior team sees the current culture and their collective vision of the desired corporate culture. The analysis will provide insight on how to prioritize interventions to solidify and sustain the culture in order to achieve desired levels of integrity.
• Identification of areas for additional inquiry in terms of either a wider assessment of the broader culture or specific assessments of business units, higher risk departments or divisions that require more focused ethics and compliance inquiry.