Governance

Question 1

When was the RICS founded?

Answer 1

1868

Question 2

What is the Governing Structure of the RICS?

Answer 2

The Governing Council is in charge or the management of the RICS.

The 3 boards include:
1. The Regulatory Board
2. The Audit Committee
3. The Management Board

Question 3

Who is CEO of the RICS?

Answer 3

Richard Collins

Question 4

Who is the new President from 1st January 2023 which also chairs the Governing Council?

Answer 4

Ann Gray FRICS

Question 5

What is the Levitt Review (2021)?

Answer 5

An independent review by Alison Levitt in relation to the ethical and governance scandal which came to light in 2018.

Called for an independent review of the “purpose, governance and strategy” of RICS.

Question 6

What was the RICS response to the Levitt Review (2021)?

Answer 6

RICS commissioned the Bichard Review (2022)

Question 7

What did the Bichard Review focus on?

Answer 7

1. Clarity of the purpose of the RICS
2. Governance to deliver that purpose
3. Recommendations on the strategy and leadership of governing body

Question 8

How many key recommendations did Bichard make?

Answer 8

7

Question 9

Can you give me a few examples of the recommendations of the Bichard Review?

Answer 9

1. Renewed and improved focus on the public interest, including amending the Royal Charter and creating a public interest panel to advise the Governing Council
2. Increased focus on diversity and inclusion
3. Showing greater leadership on issues which matter to society including climate change and sustainability.

Question 10

What will be the 5 key themes of governance in the RICS?

Answer 10

1. Strategy
2. People
3. Culture
4. Values
5. Member service