India’s premier business schools IIM-Ahmedabad, ISB Hyderabad and MDI Gurgaon, as well as international consultancy Deloitte, have been competing to organize the ‘integrity index' for the first time. It was introduced by India's most efficient ombudsman, Central Vigilance Commission (CVC) so that the graft levels in 25 departments and state-run entities could be kept in check.
The move have been made to keep the corruption in check as the integrity index is being developed for 25 major government departments and PSUs including Railways, ONGCBSE 0.84 %, NTPCBSE 0.47 %, FCI, Bhel, DDA, IOCL, EPFO and MCD (South), Mumbai Port Trust, SAIL CBDT and Punjab National Bank and.
As per the CVC, these organizations will be indexed on corruption based on a benchmark that will be set after analyzing the governance processes by internal and external stakeholders. CVC intends to implement a research-based approach with the help of the integrity index. This can also be adapted by various organizations for measurement purposes and can be evolved with time and change of needs.
A senior CVC official said that this method to come up with rankings is being implemented for the first time and that it will be helpful in maintaining integrity in the organizations.
CVC is hopeful that the integrity index will be a reliable tool in scaling the performance of organizations. The research will be done once every 12 months. After signing the agreement, the institution conducting the research will have to submit a thorough report in accordance with the Berlin-based Transparency International that placed India on the 76th position out of 168 countries that were surveyed for Global corruption index.
The agency that will evaluate the index will also develop a draft of the roadmap for the next five years in order to manage the integrity index and its corresponding ecosystem. As per the CVC guidelines, the purpose of the roadmap will be the formulation, establishment and development of process, organization and structure for such measurement, advocacy and use of the scores.