The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Former RICS Directors say Group Rejected Their Request to Go Public

Former RICS Directors say Group Rejected Their Request to Go Public
28 January 2021
 

RICS’ claim that four sacked non-executive directors asked for their departure to be kept secret, has been debunked by the NEDs themselves.

As reported on building.co.uk, Amarjit Atkar, Bruce McAra, Simon Hardwick, and Steve Williams claim that they have evidence to support the fact that they asked for their dismissal to be made public. They also claim to have proof of the suggestion that a joint statement was released.

According to the statement given to building.co.uk, then-President Chris Brooke, now chair of RICS Governing Council rejected this option:

“We explained that we foresaw ‘likely media interest' in the sudden departure from [the] management board of a majority of its non-executive directors.

“This was in anticipation of any enquiry and also to abide by the confidentiality terms within our appointments, of which we were reminded in our termination letters.

“In response to our suggestion, Mr Brooke wrote to us on 22 November to say that RICS considered this to be a private matter and did not intend to make a public statement.”

 

Suppression of Financial Reports

 

It is alleged that the four NEDs were dismissed from RICS, after they drew attention to a financial report showing that the organisation was at risk of “unidentified fraud, misappropriation of funds and misreporting of financial performance”.

RICS originally responded to the allegations by saying it was an internal matter, however, the body more recently announced that an independent review into these events will go ahead, the outcome of which will be made public.

Picture: a photograph of the RICS logo on a wall

Article written by Ella Tansley | Published 28 January 2021

Share


Related Tags


Related Articles

Chair Appointed to Run RICS Suppression Scandal Review Resigns

A QC appointed to conduct the review into the events that led to the firing of four non-executive RICS directors in 2019 has resigned. Peter Oldham QC, a specialist in...

 Read Full Article
QC Appointed to Head Up RICS Suppression Scandal Review

Peter Oldham QC has been appointed to conduct the independent review into the events that led to the firing of four non-executive RICS directors in 2019. Oldham is a...

 Read Full Article
RICS to Hold Independent Review Into Alleged Suppression Scandal  

The Royal Institution of Chartered Surveyors is to proceed with an independent review into the events that led to the firing of four directors, who allegedly raised...

 Read Full Article
Facilities Management Will Take Centre Stage Post-Pandemic, Says RICS And BDO 

FMs will be “the first responders” in inspiring the confidence to return back to work safely, says a report from BDO’s Management and Acquisitions...

 Read Full Article
RICS Suppression Scandal an Accident Waiting to Happen, Says QC

The governance architecture of RICS has been described as harbouring "an accident waiting to happen" and of burying bad news until a solution was...

 Read Full Article
RICS Survey Points to FM Job Opportunities

The latest survey from RICS points to further job opportunities across the sector as more companies increase their focus on FM services, especially in...

 Read Full Article
Consultation for Construction Carbon Reporting Rules Published

The world’s first international standard for carbon reporting across all areas of construction has had its reporting standards published for...

 Read Full Article
RICS UK FM Market Survey Shows Demand Continues to Rise

The latest RICS UK Facilities Management Survey results show that, for the first time since the COVID-19 crisis, profit margins in the sector are expected to...

 Read Full Article
RICS Chief Operating Officer Resigns

Violetta Parylo, Chief Operating Officer at RICS, has resigned with immediate effect. Parylo was responsible for the long-term financial strategy of RICS, leading...

 Read Full Article
New Appointments in Facilities Management – May 2021

RICS, Compass Group UK & Ireland, DMA Group and Crown Records Management have all appointed new members of staff this May.     Picture: a...

 Read Full Article