The Royal Institution of Chartered Surveyors (RICS) is on the hunt for a new chair to head its Governing Council (GC), as it seeks to move on from the corporate governance crisis that has overshadowed the body in recent months.
Headhunters at leadership advisory firm Saxton Bampfylde have begun searching for a successor to Chris Brooke, who took over as interim chair of the GC after serving as RICS president in 2018-2019.
The appointment for the £70,000-a-year job will likely face heavy scrutiny from RICS members following a torrid spell for the organisation, which has faced a governance crisis since The Sunday Times published allegations late last year that four directors were ousted in November 2019 for flagging a 2018 BDO report warning that RICS was exposed to “unidentified fraud, misappropriation of funds and misreporting of financial performance”.
An independent QC, Alison Levitt, is currently leading an independent review into the events that led to the dismissal of the four directors, and the conclusions of her investigation are expected to be published in the coming weeks.
RICS has also faced pressure from its 133,000-strong membership base over compensation, with chief executive Sean Tompkins coming under fire for accepting a six-figure bonus despite the body claiming government furlough money and making widespread redundancies last year.