Policy analyst and communication strategist, Dr. Steve Manteaw
Policy analyst and communication strategist, Dr. Steve Manteaw, has stated that in the case of the State Insurance Company (SIC), the former Managing Director is right.
According to him, due process was not followed in the termination of her appointment, and any legal action taken by her must be respected.
Sharing his views in a social media post, he wrote, “In the matter of SIC, the former MD is RIGHT. Due process was not followed.”
Dr. Manteaw had earlier asserted that the government had no authority to appoint a Managing Director for a company that is publicly listed.
Background
The immediate past Managing Director of SIC Insurance Company Limited, Ms. Hollistar Duah-Yentumi, has filed a lawsuit against the company and its newly appointed MD, Mr. James Agyenim-Boateng, challenging what she describes as the unlawful termination of her contract.
Duah-Yentumi, who was replaced following a presidential appointment on January 27, argues that her tenure was contractually set for four years, expiring on January 1, 2028.
In her lawsuit, she claims that her dismissal did not follow due process, as it should have been decided by the company’s Board of Directors or all shareholders at an Annual General Meeting.
She is seeking a declaration that her dismissal was unlawful and demanding full payment of her salary and benefits for the remaining duration of her contract. These benefits include:
• A monthly salary of GH¢70,000
• Payment of Social Security and National Insurance Trust (SSNIT) and provident fund contributions
• Official accommodation or an equivalent allowance of GH¢15,000 per month
• A 10% annual basic salary increase
• Membership fees for professional and social clubs
• Health insurance coverage for her and her family
• Provision of an official vehicle and a fuel allowance of 450 litres per month
Severance benefits, including six months’ salary for every year of service if terminated before contract expiration
Duah-Yentumi insists that her employment contract is legally binding and is seeking a court order to enforce its terms.
The case is currently before the High Court, where the legal battle over SIC Insurance’s leadership transition continues.