July 13, 2024


Living – be prepared

RICS cuts ties with Fieldfisher and issues public apology to wronged NEDs | Online

2 min read
RICS cuts ties with Fieldfisher and issues public apology to wronged NEDs | Online


In an work to restore rely on in the crisis-hit entire body, the GC has posted a statement currently placing out values it hopes to embed into the instituion subsequent the results of a damning impartial critique conducted by Alison Levitt QC. 

The GC claimed that no new recommendations will be supplied to legal advisors Fieldfisher, which came below hearth from Levitt in her 467-webpage report. 

Levitt concluded that four non-executives who elevated legit worries that an audit experienced been suppressed ended up wrongly dismissed from the administration board. 

Nowadays the GC has issued a community apology to Amarjit Atkar, Bruce McAra, Simon Hardwick and Steve Williams, the 4 associates of the management board.

Previous associates of Governing Council who experienced been improperly threatened with legal proceedings have also obtained an apology.  

Governing Council has also offered a timeline for its reaction to other recommendations including a review into reward buildings and stages for senior executives that will be carried out, an agreement to provide a ideal-in-course whistleblowing procedure and vast-ranging governance reforms. 

Nick Maclean, temporary chair of Governing Council, mentioned: “Ethical society and conduct are at the core of RICS’s id and we consider our new values statement will be an important step in restoring delight in our institution. Even so, we are mindful that we will be judged by our steps, not our words, and that is why we felt it was crucial to give an update on our response to Alison Levitt QC’s recommendations, with a apparent timeline for every one”.

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