Governance Indexing & Screening Tool (GIST)
Inspired by guidelines of the Organization for Economic Cooperation and Development (OECD) and the International Corporate Governance Network (ICGN), this tool measures the overall strength of governance practices along five main axes and identifies opportunities for improvement in each area. GIST is intended to ensure global applicability of its criteria and consistency in the resulting index values. GIST incorporates the extensive experience of Deloitte in emerging markets and accounts for the specific risks that these environments entail.
The GIST Index is measured from “1.0” through “10.0”, with one-half point increments. Higher values of the GIST Index correspond to stronger governance standards. Each of the five constituent elements of the index is individually assessed and given an analytical commentary. In most circumstances each element carries an equal weight in the overall assessment. These elements are described in detail below.