Smart Code and Ethics & Compliance Culture Assessment Now Available within Market-Leading Catalyst Platform
NEW YORK (September 12, 2023) – LRN Corporation, the leader in ethics and compliance solutions that enable organizations to inspire principled performance, has today launched two new solutions—Smart Code and Ethics & Compliance Culture Assessment—that significantly enhance the ability of businesses around the globe to assess their culture and the usability of their code of conduct. While the success and understanding of an organization’s code of conduct and ethical culture have historically been difficult to measure, these new LRN solutions fill this gap through real-time, on-demand data and analytics. Both are now available as an integrated part of Catalyst, LRN’s powerful ethics and compliance management platform.
Ensuring businesses have an accessible, measurable and impactful code of conduct is essential. According to recent research from LRN, only one-third of companies are operating with a web-based code of conduct - despite it being a priority for nearly 60% of businesses. Smart Code is designed to bring an organization’s code of conduct to life, going far beyond traditional formats.
Smart Code makes it easier for employees to engage with their organization’s code of conduct through a web-based microsite that is intuitive to use, centrally located and WCAG 2.1 accessible. For employers, powerful new Smart Code analytics provide rich data and insights, such as information on user visits, page interaction, and search terms. This unlocks a new opportunity for compliance teams to assess data types that have been historically left out of ethics & compliance program evaluation. Using this data, businesses can now spot and better interpret what employees are prioritizing, allowing teams to understand gaps in their code of conduct and identify risk hotspots. They can now easily benchmark their code against other companies as well as best practices and regulatory expectations, thanks to LRN’s market-leading dataset.
The US Department of Justice expects companies to foster a "culture of compliance"—something that is a challenge to measure and demonstrate without the right tools. LRN’s new Ethics & Compliance Culture Assessment provides an ongoing 360-degree snapshot of a company’s ethical culture, an important tool in the context of the DOJ’s tightening of corporate compliance guidelines and increased focus on holding companies—and individuals—accountable for having poorly established E&C programs.
The new solution enables E&C leaders to regularly and intentionally assess the organization’s ethical culture through a flexible combination of comprehensive surveys and sorter pulse checks, measuring 10 key dimensions and using a market-tested series of questions. The data is visualized through on-demand reporting and analytics, providing E&C leaders with insight into their culture through summary and detailed results, employee demographic gap analysis and heat maps, industry benchmarks and detailed recommendations for how to respond to the results.
Both solutions are available now, and E&C leaders and managers can sign up online for a demo of Smart Code and E&C Culture Assessment.
“LRN continues to provide innovative solutions to business leaders globally that aim to enhance E&C program effectiveness and company ethical culture,” said Parijat Jauhari, LRN’s Chief Product and Technology Officer. “With these new offerings, we have used our decades of expertise to combine in-depth knowledge with technology to offer greater visibility and insight for measuring and delivering an optimal ethics and compliance program. Smart Code and E&C Culture Assessment are now part of LRN Catalyst, our integrated SaaS platform purpose-built to allow E&C leaders to deploy, manage and scale their program. These new tools join LRN’s suite of market leading products to ensure that organizations around the world are equipped to elevate ethical performance.”
ABOUT LRN CORPORATION
LRN's mission and purpose is to inspire principled performance and help people around the world do the right thing. Since 1994, LRN has worked to propel organizations forward with the partnership, knowledge, and tools to build ethical culture. More than 2,800 companies and tens of millions of learners worldwide utilize LRN services and take LRN e-learning courses to help navigate complex regulatory environments and foster ethical, responsible, and inclusive cultures. In partnership with LRN, companies translate their values into concrete corporate practices and leadership behaviors that create sustainable competitive advantage. By acting upon shared values, companies and their people find the means to outbehave and outperform. Learn more at LRN.com and follow on Twitter, LinkedIn, and Facebook.