28/10/2021

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Non-execs dismissed by RICS speak of past troubles and future hopes | Online

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RICS HQ London

Yesterday Alison Levitt QC described a “power struggle” at the disaster-strike body in which 4 customers of the management board were being ousted and “sound governance ideas had been not followed”.  

Today, the four customers – Amaarjit Atkar, Bruce McAraSimon Hardwick and Steve Williams – have damaged their silence to converse about the personalized influence of the scandal and how they hope RICS will be strengthened by Levitt’s tips. 

In a statement they reported: “The extended period of time considering the fact that our termination has been incredibly complicated and worrying, each individually and professionally. We are happy that the troubles about which we very first elevated fears in 2019 have now been recognized by the institution and that it has fully commited to creating significantly achieving reforms to re-establish believe in.” 

They included: “We have not still experienced an prospect to read through the whole report but are happy to listen to that Alison Levitt QC has concluded we ended up genuinely involved about fulfilling our duties to RICS, which we took really significantly, and did not are entitled to the therapy to which we were subjected. 

“We notice her finding that we ought to receive a community apology, which we have been assured RICS will offer.  

“We also observe the comments by Nick McLean on behalf of the governing council that he considers our perform was exemplary and that we have been right and courageous to elevate the difficulties we did in the face of hostility.”  

Levitt exonerated the 4 non-executives dismissed from the board and said they would have unsuccessful RICS if they had backed down.  

As the report was posted yesterday, a wave of top rated-brass resignations had been announced. Main govt Sean Tompkins, president Kath Fontana, interim governing council chair Chris Brooke and chair of the management board Paul Marcuse all stood down from their posts. 

Amit Shah, the chair of the audit committee, has appear to the stop of his term.