黑洞社区

Former Royal Institute of Chartered Surveyors chief executive Sean Tompkins will not receive his full 拢260,000 bonus, the body has confirmed.

Tompkins was paid 拢74,000 of the amount in January but will no longer receive the remaining 拢190,000, which had been due to be paid to him next year. 

It follows his resignation from the RICS in the wake of the findings of a damning independent review into the institute鈥檚 unfair dismissal of four non-executive directors.

The review, carried out by Alison Levitt QC, was ordered by the RICS after members revolted against its treatment of the non-executives, who were ousted in November 2019 after raising concerns about the handling of a critical financial report.

> RICS governance scandal: Coverage all in one place

A spokesperson for the RICS said the non-payment of the remainder of Tompkins鈥� bonus will be confirmed in its 2021 remuneration report.

The size of the payout, which was awarded despite the RICS furloughing staff and making others redundant during the pandemic, had stoked significant controversy among members of the body.

Gleeds chairman Richard Steer described the decision to award the bonus to Tompkins, who also received an annual salary of 拢254,000 in 2019/20, as 鈥渇rankly, quite ridiculous鈥�.

He said earlier this week that questions should be asked in light of the review鈥檚 findings as to whether it should be recouped.

Several members of the RICS have also contacted 黑洞社区 calling for Tompkins to repay the sum he has already received.

Chartered surveyor Clive Woodford asked whether the bonus could be justified given that it was awarded during the 鈥渄ebacle鈥� revealed in Levitt鈥檚 report.

And Robert Grant, a chartered building surveyor, said Tompkins should hand the bonus he has been paid back following the 鈥渃onclusive and damning鈥� findings of the review.

The four non-executives, Amarjit Atkar, Simon Hardwick, Bruce McAra and Steve Williams, were dismissed by then-president Chris Brooke after they refused to accept the findings of an internal RICS review into the handling of the financial report.

The 10-page report by accountant BDO had given the RICS the lowest possible 鈥渘o assurance鈥� rating for its treasury controls and warned that it was at risk of 鈥渦nidentified fraud, misappropriation of funds and misreporting of financial performance鈥�.

Despite repeated requests, the four governing council members were not shown the report until July 2019, seven months after it had been produced.

Their protests had prompted the RICS to order an internal review into the matter, which concluded that there had been no failure of the governance framework and the governing council had been 鈥減roperly informed and updated鈥� by Tompkins.

But according to Levitt, this review had been outsourced to the RICS鈥� external lawyers, Fieldfisher, with its conclusions 鈥渁lready decided before it had been commissioned鈥�.

She added that its most important objective was that there should be 鈥渘o threat to or criticism鈥� of Tompkins, Parylo, Marcuse and audit committee chair Amit Shah.