Ethics - The Future Of The RICS

Question 1

What was the purpose of the Bichard Review commissioned by RICS?

Answer 1

• To clarify the purpose of RICS, including its responsibility to act for the public advantage;
• Make recommendations on its governing structure to deliver that purpose;
• Provide proposals for the incoming leadership and governing body on the future culture and strategy of the Institution

Question 2

When did RICS announce a package of support to promote member engagement, experience, and value?

Answer 2

RICS announced in April 2023

Initiatives include:

• Some free CPD events
• Working with MATRICS
• Improved customer experience

Question 3

How many recommendations were made in the Bichard Review, and in how many key areas?

Answer 3

The Bichard Review made 36 recommendations in 7 key areas

Question 4

What approach did the Bichard Review recommend for the adoption of clear responsibilities for governance by key individuals?

Answer 4

The Bichard Review recommended a quick and phased approach, including:

• Recruiting a new Management Board
• Recruiting a new Standards and Regulation Board
• Holding elections for key RICS committees and groups

Question 5

What are the 5 key themes of the member-led public interest focused RICS?

Answer 5

• Governance
• Strategy
• People
• Culture and values
• Member service

Question 6

When did the new Governing Council elections take place and why?

Answer 6

• April 2023
• To better reflect the geographical location and disciplines of members

Question 7

What did RICS recruit Diversity, Equity, and Inclusion and Sustainability Panel Chairs for?

Answer 7

To lead priority issues as part of the new governance structure

Question 8

How often will RICS undertake an independent review of its governance and effectiveness at delivering against its Charter for the public advantage?

Answer 8

Once every 5 years

Question 9

When were the 5 Future Foundations published by RICS?

Answer 9

The 5 Future Foundations were published in November 2023 following the Bichard Review

Question 10

What are the 5 Strategic Goals of the RICS?

Answer 10

-Lead and influence on sustainability

-Attract a diverse next generation

-Strengthen trust in the profession

-Enhance member value and engagement

-A world class organisation

Question 11

What are the 4 Values of the RICS?

Answer 11

Professional, Collaborative, Inclusive, Ambitious

Question 12

What are the 5 benefits of being a RICS member?

Answer 12

Status
Recognition
Market advantage
Knowledge
Network

RICS 2015