Levitt Enquiry / Bichard Report Flashcards
What was the Levitt enquiry?
Independent review which found serious wrong doings by the governing council at the RICS
Independent review into the RICS which found there was unfair dismissal of non-executive directors who had raise concerns about RICS handling of a financial report
She recommended an independent into RICS and its purpose
What is the Bichard review?
independent review of the Institution’s purpose, governance and strategy.
What are key recommendations of the Bichard review?
A renewed and increased focus on the public interest remit of RICS
Creating a public interest panel to advise the governing council
Increased focus on Diversity and Inclusion across the profession and within RICS governance
A new simplified, clear, accountable governance structure
Independent reviews every 5 years
what is the structure of the RICS?
Privy Council – Grants and awards the Royal Charter
Governing Council – Management of Royal Charter Obligations, setting direction and strategy
Management Board – Day to day performance of the business plan
Regulatory Board – Arm’s length Regulatory board reports solely tp Governing Council on its activities
Various Committees – Audit, Knowledge, Leadership, Administrative
Who is the president of the RICS?
Clement Lau
Who is the president elect?
Ann Gray
