What is Your Spark Score? With Kristy Grant-Hart

On today’s show, Tom chats with Kristy Grant-Hart, CEO of Spark Compliance Consulting. She and her team have developed a Spark Score Report, a tool to help you discover how your compliance program looks to the outside world. Kristy and Tom discuss the Spark Score report, what it means for your business and the industry, and how you can find out if your presence shows how truly committed your company is to compliance.

What is the Spark Score Report? 

Is there a gap between how good your program is internally, and how it’s perceived externally? The Spark Score is a free report that gives you insights into just that. It’s a benchmarking tool that tells you what customers and outsiders see.

Many underestimate just how important this information is. The public is looking at what you put out there. They’re searching for your presence — and this innovation solves this business need.

This report that can be taken back to your company (e.g. your C-suite or managers) to help evaluate how your company is doing vis-à-vis others in the industry. Are you showing your commitment to compliance in a way that is quantifiable and benchmarkable? The report does that research for you. 

How is it measured?

There are six different factors: Code of Conduct, Corporate Governance, Whistle-Blower Provisions, Anti-Bribery Commitments, Data Privacy, and Modern Slavery / Sustainability. These are weighted based on importance and how the factors work, so you can see where you fall out. Kristy shares examples of things the report evaluates, and underscores the point:  if you want to show people what is good about your program, there are ways to do it. 

Gathering a Database

As Spark Consulting generates reports, they are also gathering a database of best practices. Which industries have the best approaches? And how can this affect — and help — other industries? The aim of the report is not solely to provide companies with information, it’s about raising everybody’s game to be better.

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