Our corporate governance structure is responsible for ensuring our profession remains trusted and relevant.
In our rapidly-changing world, our profession faces new challenges such as economic instability, climate change and technological disruption. It's crucial that we adapt to meet these challenges head on and seize opportunities.
Our governance is comprised of four teams working harmoniously to set and execute on our strategy so that we remain a self-regulating profession, trusted by society to set and enforce our own standards.
These teams are responsible for driving RICS to be agile, forward-looking, and global, while continuing to earn society's trust.
In November 2018, the profession voted on a Special Resolution to amend the RICS Royal Charter and Bye-Laws. The resolution was put forward by Governing Council to establish a modernised, future-facing governance structure fit for a 21st century professional body. The changes were proposed to put in place high level governance fit for an agile 21st century profession and ensure the profession remains trusted to set and enforce our own professional standards.
These changes will be implemented throughout 2019.
In order to enable RICS to meet the changing expectations of stakeholders, clients and the wider public, two new roles will join the RICS governing strategy:
The Chair of Governing Council will lead the newly composed Governing Council, focussing on strategy creation and oversight - enabling the profession to evolve to meet the future demands. They will be passionate about the RICS and excellence for those professionals in the built and natural environment. The Governing Council Chair will be responsible for ensuring that there is increased connectivity of the Council members to the RICS vision and communication of that vision to stakeholders.
The RICS Standards and Regulation Board will be established in 2019 and its core purpose is to oversee RICS's ability to deliver trusted professionals of high standard to a global marketplace. The Standards and Regulation Board Chair will be independent from the profession and a non-member, responsible for ensuring strategies and policies are designed to ensure the profession remains trusted to set and enforce standards in accordance with public expectations and in the public interest.