Information
The controversy surrounding the management transition at SIC Insurance coverage Firm Restricted has not solely highlighted the profitable compensation bundle tied to the place of Managing Director (MD) but in addition dropped at mild a contentious standoff between the outgoing MD, Ms. Hollistar Duah-Yentumi, and the newly appointed Performing MD, Mr. James Agyenim-Boateng.
Courtroom filings by Ms. Duah-Yentumi reveal an annual wage of GH₵840,000, translating to a month-to-month revenue of roughly GH₵70,000. Past this substantial wage, the position is accompanied by a variety of serious advantages:
- Lodging: Absolutely furnished residence.
- Transportation: Firm automobile with a driver.
- Medical Protection: Complete healthcare for the MD and household.
- Annual Depart: 30 days of paid trip.
- Journey Allowance: An annual familiarization tour value US$3,000.
Nonetheless, the management change has been something however easy. Ms. Duah-Yentumi, who was changed by Mr. Agyenim-Boateng on twenty fourth January 2025 by President John Mahama’s directive, has reportedly refused to facilitate the transition. Allegations recommend that she locked the MD’s workplace, withheld the keys, and has filed an interlocutory injunction to forestall Mr. Agyenim-Boateng from assuming the position.
In her lawsuit, filed by legal professional E.N. Poku Esq., Ms. Duah-Yentumi has named SIC Insurance coverage Firm Restricted and Mr. Agyenim-Boateng as defendants. The swimsuit seeks to:
- Restrain the second defendant from presenting himself as SIC’s MD.
- Stop the defendants from portraying the second defendant because the MD.
The scenario has considerably impacted the brand new Performing MD’s capacity to carry out his duties. In an interview with Citi Information, Mr. Agyenim-Boateng shared his frustrations:
“After I arrived, I had an excellent introductory assembly, nevertheless it was apparent I couldn’t entry the workplace the place I wanted to work. In consequence, I’ve largely labored offsite, dealing with essential SIC issues remotely. It has grow to be obvious that the actual motive I’ve not been capable of entry the workplace is that my predecessor has locked up the workplace and brought the keys. It’s unusual.” He disclosed.
Lots of people of have concluded that she doesn’t need to go away the place because of the advantages she was having fun with.
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