The former Managing Director of SIC Insurance Company Limited, Hollistar Duah-Yentumi, has taken legal action against the company and its newly appointed Acting MD, Mr James Agyenim-Boateng, challenging what she describes as an unlawful termination of her contract.
Madam Duah-Yentumi filed the suit on Tuesday, February 4, following her refusal to step aside after President John Dramani Mahama appointed Mr. Agyenim-Boateng as her replacement on January 27.
In her court filing, she contends that her appointment as MD was contractually secured for a four-year term, set to expire on January 1, 2028. She argues that any changes to her tenure must be sanctioned either by the company’s Board of Directors or through a resolution of all shareholders at an Annual General Meeting (AGM).
According to her, the terms of her employment are strictly governed by her contractual agreement with SIC Insurance, and any termination outside the stipulated provisions is unlawful.
She insists that, under Clause 7 of her contract, only the Board of Directors or the collective shareholders have the authority to end her tenure. Consequently, she maintains that the appointment of Mr. Agyenim-Boateng is both procedurally flawed and illegal.
As part of her legal reliefs, Madam Duah-Yentumi is seeking a declaration from the High Court that her dismissal is null and void. She is also asking the court to overturn the appointment of Mr. Agyenim-Boateng and reinstate her as the legitimate MD of SIC Insurance Company Limited.
Beyond reinstatement, her legal team is demanding that SIC Insurance compensate her with the full salary and benefits due for the remaining period of her contract.
The case is expected to test the legal boundaries of presidential appointments within state-owned enterprises and the contractual obligations governing such roles.
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