Sean Tompkins, who stepped down as CEO of the Royal Institution of Chartered Surveyors (RICS) last week, will not receive his full £264,000 bonus, the organisation has confirmed.

He was paid £74,000 of the amount in January but will no longer receive the remaining £190,000, which had been due to be paid to him next year, following his resignation last week in the wake of the Levitt report, which found that four non-executive RICS directors had been wrongfully dismissed.

In April, QC Alison Levitt was brought in to investigate the events that led to the dismissal of four directors in November 2019 after they raised concerns about the findings of a 2018 BDO financial audit into the historic body.

The 467-page report concludes that four non-executive board members, Amarjit Atkar, Simon Hardwick, Bruce McAra and Steve Williams, who raised legitimate concerns that the audit had been suppressed, were unjustly ousted from the management board and that sound governance principles were not followed.

The size of the payout to Tompkins, awarded despite the RICS furloughing staff and making others redundant during the pandemic, had stoked 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 £254,000 in 2019/20, as “frankly, quite ridiculous”.

Robert Grant, a chartered building surveyor, told the press that Tompkins should hand the bonus he has been paid back following the “conclusive and damning” findings of the review.