Lord Bichard's report will look into purpose and government of the venerable and global surveyors' trade organisation.

Mike Driver has impeccable accounting industry and Whitehall credentials and will serve for at least three years as Chair of RICS Audit Committee.

Criticisms within report into dismissal of NEDs - and way RICS handled accusations of financial mismanagement - have been accepted.

Alison Levitt QC is looking into why RICS bosses suppressed a critical 2019 internal report and fired four non-execs who supported its findings.

The ongoing investigation into RICS treasury management is now being headed up by Alison Levitt QC, after departure of previous probe boss.