RICS History Flashcards
Who was the first president of the Institution of Surveyors?
John Clutton
When was the first council elected?
1868
What does the royal charter do?
Sets out our objectives
What does the Royal Charter require US to do?
Promote the usefulness of the profession for the advantage of the UK public and in other parts of the world.
In practice, what does the Royal Charter mean?
It means that important changes to our constitution - its bylaws - have to be ratified by UK government, through the Privy Council, even after they’ve been approved by a majority of our members voting at a general meeting.
Are RICS members regulated by government?
No, the RICS operates under a self-regulation model. This means members are internally monitored and inspected.
What two objectives of regulation are at the RICS core?
Consumer protection and the development of the profession for public advantage.
What are the 5 principles of better regulation determined by the Better Regulation Commission, a division of the UK Cabinet Office, on which we base our own regulatory model?
Transparent, proportional, accountable, consistent and targeted.
Who sets the RICS top level strategy?
Governing Council
Who elects the Presidential Team?
The governing council
What does the presidential team do?
Provides strategic leadership and oversight to the highest priority issues facing the organisation. It plays a significant role in supporting the profession to meet the vision set out by Governing Council.
What is the vision set out by the Governing Council?
To be “recognised in key worldwide markets as the leading body that sets and enforces professional standards and offers access to the most sought after professional status”.
What does the Executive Team consist of?
CEO, Executive Director, Regional Managing Directors, and directors responsible for products, professional standards, reputation and people & corporate responsibility.
Who administers regulation?
The Regulatory Board
Who chairs the Regulatory Board and why?
A non-member to demonstrate that our regulation of members is independent and at arms length from the interest of our members.
Who is the chair of the Global Regulatory Board?
Stephen Haddrill
Who is the chair of the UK and Ireland Regulatory Board?
Antony Townsend
Where are the RICS headquarters?
Great George Street, Parliament Square, London.
What is at headquarters?
Library and business centre for member use.
Where is the team based in Americas?
New York City
Where in Europe, the Middle East and Africa do we have hubs?
UK, Brussels, Dubai and Sub-Saharan Africa
Where are our offices in Asia Pacific?
Hong Kong, Singapore, Shanghai, Tokyo, Delhi, Sydney.
What do the professional groups do?
Provide technical advice across the organisation. They contribute to our public policy agenda, and develop and maintain strategic alliances with other professional bodies and industry organisations/groupings.
How do you join a professional group?
As a member you are automatically attached to the professional group through which you qualify.
