RICS Flashcards
General RICS
Role of RICS
Advancing ethical and technical standards for professionals in built environment.
What is the Royal Charter?
Awarded 1881. Requires promotion of profession for advantage of UK and global public.
RICS Headquarters?
12 Great George Street, Parliament Square, London
RICS Motto
Est Modus in Rebus = There is Measure in All Things
What is Lionheart?
Independent charity run by RICS professionals, for RICS pros.
Why do you want to be MRICS?
Global recognition, elite professional status, and promote best practice.
RICS Matrics?
Supports new members to grow the profession.
Standards and Regulation Board?
Exercises RICS regulation. Oversees professional standards.
RICS Governance Structure?
Under Privy Council, Governing Council, SRB = RICS Board. Under this sits Audit, Remuneration and world boards.
Levitt Review
Alison Levitt QC conducted an independent review into historic treasury matters.
Levitt Review Objectives
Determine whether there were any shortcomings and failure of governance, with recommendations.
Levitt Review Conclusions.
Governance principles not followed by RICS. Wrong dismissal of Non-Exec Board members. Lack of clarity around roles of RICS boards.
Bichard Review
Dec 2021 - follows recommendation of Levitt Review to examine governance and strategy.
Lord Bichard Remit
Aimed to clarify RICS purpose and governance.
Bichard Review Recommendations
Increased focus on public interest. Maintain self regulation. Diversity & Inclusion.