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

RICS Sets Date for Independent Review Publication

RICS Sets Date for Independent Review Publication
16 June 2022
 

The Royal Institution of Chartered Surveyors will publish its independent review of its purpose, governance and strategy on 21 June 2022, known as “The Bichard RICS Review”.

The review intends to create clarity about RICS’ purpose, in light of Alison Levitt QC’s 2021 review on the governance architecture of the membership body.

Alison Levitt concluded that RICS were “burying bad news until a solution was available”, in her examination of the events that led to four RICS non-executive directors being let go from their positions after raising the alarm on inaccurate financial forecasting.

RICS’ Governing Council appointed Lord Michael Bichard to lead this new review, which launched on 7 December 2021.

Lord Bichard held a Call for Evidence in early 2022 and published an interim update on 28 February 2022, setting out the key issues identified during the Call for Evidence.

On 21 June, his final report will be published, along with a response from Governing Council.

Picture: a photograph of some folders full of paperwork. Image Credit: Unsplash

Article written by Ella Tansley | Published 16 June 2022

Share


Related Tags


Related Articles

Martin Samworth Named as New Chair of RICS Board

RICS has announced that its new Board Chair will be Martin Samworth FRICS. The establishment of this new RICS Board is one of the key recommendations from June...

 Read Full Article
RICS Takes Steps to Improve Diversity in the Built Environment

Alongside other sector organisations, RICS is making plans to “drive forward the creation of a more diverse, equitable and inclusive sector”. In a...

 Read Full Article
BESA, RICS and NBS Unite to Align on Building Data Standards

In what has been described as “a momentous game-changing moment”, RICS, BESA and NBS have created a roundtable collaboration forum, to align the data...

 Read Full Article
Lord Bichard Joins RICS as Interim Senior Independent Governor

As part of the implementation of his review recommendations, RICS has appointed Lord Michael Bichard as Interim Senior Independent Governor. Lord Bichard, who will...

 Read Full Article
Lord Bichard’s RICS Review Results Published

Lord Bichard, in his independent review of RICS, recommends “nothing less than a transformation of the Institution carried out at pace.” He found that the...

 Read Full Article
High Performing Buildings – April’s Roundup

This month’s high performing buildings roundup showcases the shortlist for the RICS Awards 2022. The RICS Awards highlights the most inspirational initiatives...

 Read Full Article
Commercial Property Sector Responds to Russia Sanctions

As a growing number of firms seek to distance themselves from Russia after the invasion of Ukraine, what are the major players in commercial real estate...

 Read Full Article
ICMS3 Set to Simplify Carbon Reporting in Construction

The world’s first universal standard for reporting carbon dioxide emissions in the construction industry has been published. An international coalition of...

 Read Full Article
RICS Advertises for Independent Governance Review Lead

The application process for an individual to lead the external review of purpose, governance and strategy recommended by Alison Levitt QC has begun. Gatenby Sandersen,...

 Read Full Article
RICS Revises Standards of Conduct for Members

Diversity and inclusion are at the centre of new conduct guidelines for RICS’ regulated members and firms worldwide. The new rules highlight transparency,...

 Read Full Article