Chart 2

Chart 2: Quarterly Heat Map of DIHC Ratings for each of the 100 Currently Active, Large DIHCs: 1Q2005 to 2Q2017

As a resource for DIHCs, DIHC investors and DIHC regulators, Ethics Metrics evaluated the risk profiles of the 112 largest DIHCs that disclosed Formal Enforcement Actions (FEAs) from 2002 to 2017. The calculated Ethics Metrics Risk Rating for these 112 DIHCs compared closely with the issuance and termination of FEAs, validating Ethics Metrics’ ability to detect levels of non-compliance which have resulted in formal enforcement actions over the past 15 years.