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RICS CEO hits back at critics

RICS gives members until April to let it know what reforms they want to see

Members share their wishlist for RICS review

By Sebastian McCarthy2021-02-25T00:00:00+00:00 The historic body has been rocked by a corporate governance crisis that began late last year with reports in  The Sunday Times that four directors were dismissed in November 2019 for raising the alarm about a 2018 BDO financial audit. Since then, members have raised a wider range of concerns about RICS and last month, it bowed to industry pressure and agreed to undertake two reviews. The first is being overseen by independent QC Peter Oldham, who will investigate the events that led to the dismissal of the directors and the 2018 BDO financial audit. The second is far wider in scope and is looking at the “ongoing purpose and relevance of RICS in 2021 and beyond”. As part of the broader review, RICS has promised that “no voices will go unheard” and is seeking feedback from its 133,000 members.

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