An ICS (= InControlStatement) is a statement in which management takes responsibility for the quality of internal control within the organization. This means that the processes aimed at achieving the organization's goals are carried out in a structured and controlled manner. In other words: the organization is “In Control”. It forms part of governance and reflects good governance.
With an ICR (InControl Rating) of 1 or 2, management declares that the risk management and control system is adequately organized and functions effectively (where the operation must be demonstrably effective). With an ICR of 4 or 5, this level of certainty is usually not attainable. With an ICR 3, this depends on the specific situation and the underlying performance on the ICR objectives.
To achieve ICR 1, the organization must score an average of higher than 9 on all objectives. An ICR 1 indicates that the organization is approaching an almost optimal state of control and effectiveness and is therefore not vulnerable. In other words: the organization is highly In Control.
To achieve ICR 2, the organization must score an average of higher than 8 on all objectives. An ICR 2 indicates that the organization is well structured and is therefore less vulnerable. In other words: the organization is sufficiently In Control.
Understanding individual business concepts is valuable. Connecting them and putting them into practice is what makes the difference. It all begins with clarity.
The ICR Organizational Operating System, brought to life through the ICR Growth & Success SaaS Platform, connects the Ultimate Stakeholders’ Ambition, business model, strategy, organizational design and daily execution into one coherent organizational system. It helps leaders and teams make direction, responsibilities and decision-making explicit, reduce dependence on specific individuals, and make progress, risks and opportunities for improvement visible.
Clarity. Confidence. Peace of Mind.
But why was ICR developed in the first place?
Explore practical resources, exchange insights and deepen your understanding of how the ICR Organizational Operating System can support the development of your organization.