Move comes ahead of press conference today announcing findings of review into body’s governance scandal
Sean Tompkins is in the late stages of talks to resign as chief executive of the Royal Institution of Chartered Surveyors following a governance scandal which has rocked the organisation, it has been reported.
The move comes ahead of a press conference at noon today announcing the findings of an independent review into the institution by Alison Levitt QC.
Tompkins has been the target of much discontent among members following the scandal.
He has also come under fire after it emerged that he was in line to pick up a bonus of £260,000 as part of a RICS incentive plan despite the body furloughing staff and making others redundant during the covid-19 pandemic.
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The review looked into why four non-executive directors were ousted from the RICS’ governing council in November 2019 after they raised concerns about why a critical financial report into the institution had not been shared.
The 10-page report gave the organisation the lowest possible “no assurance” rating for its treasury controls and warned that it was at risk of “unidentified fraud, misappropriation of funds and misreporting of financial performance”.
Levitt, who delivered her report on the review to the RICS governing council last month, will lead the press conference with the chair of the review’s steering group Nick Maclean.
The RICS declined to comment.
