Ms. Hollistar Duah-Yentumi, the SIC Insurance Company Limited’s immediate past managing director, has filed a lawsuit against the business and James Agyenim-Boateng, the new MD.
In a lawsuit filed on February 4, Ms. Hollistar Duah-Yentumi rejected the appointment of Mr. Agyenim-Boateng, who was named as her successor by President John Dramani Mahama on January 27.
According to Ms. Hollistar Duah-Yentumi, “the Plaintiff’s tenure as the Managing Director is for a period of four years, thus expiring on the first day of January 2028 or soon thereafter as may be agreed upon by the Board of Directors of the First Defendant and the Plaintiff,” as stated in the agreement.
“The Plaintiff therefore states that all terms relating to and regarding the Plaintiff’s employment as the Managing Director of the publicly listed company such as the 1st Defendant is governed solely by the employment agreement executed by the parties,” the suit added in part.
Ms. Hollistar Duah-Yentumi further argued that “regarding the termination of the Plaintiff’s employment, Plaintiff states that under and by virtue of clause 7 of the agreement, the Plaintiff’s employment may only be terminated by the board of directors of the 1 Defendant or by all the shareholders of the company acting at an Annual General Meeting for the said purpose.”
Thus, the lawsuit is requesting that the High Court rule “that the purported termination of the Plaintiff’s employment as the Managing Director of the 1st Defendant is unlawful and in breach of the employment contract executed between Plaintiff and the 1st Defendant” and that “the purported appointment of the second Defendant to act as the Managing Director of the 1st Defendant is unlawful.”
The legal team is also seeking “an order directed at the defendants to make payment of the Plaintiff’s entire salary and benefits for the unexpired term of the employment contract, which benefits, and salary are pleaded in paragraphs 11 and 12 above.”
Below is the full writ
