Dr. Sa-ad Iddrisu, Managing Director of SIC Financial Services Ltd. (SIC-FSL), has petitioned Finance Minister Dr. Cassiel Ato Forson to dissolve the company’s recently inaugurated Board of Directors, alleging that the board’s actions appear “compromised” and misaligned with government priorities.
In a Facebook post on Wednesday, Dr. Iddrisu—who also serves as an economic advisor to the Finance Minister—confirmed filing the petition but held back on the specific triggers behind the move.
“Ignore the propaganda claiming that I have dissolved my board. No CEO or Managing Director has the authority to dissolve a board,” he wrote. He added: “However, CEOs and MDs do have the legal right to petition the government regarding their board, and that is exactly what I did—especially when the board appears compromised or is deviating from the government’s reset and transformation agenda.”
The SIC-FSL board, inaugurated just on August 30 by Deputy Finance Minister Thomas Ampem Nyarko, was composed of senior professionals from its parent companies and independent experts. Its members include:
- Mr. Jonathan Mawuli Dzaisu (Chairperson)
- Dr. Sa-ad Iddrisu, Ph.D (Managing Director)
- Mr. James Agyenim-Boateng (Managing Director, SIC Insurance Plc)
- Mr. Solomon Twum Barima (Managing Director, SIC Life Insurance Company Ltd.)
- Ms. Sakina Oforiwa (Representative, SIC Insurance Plc)
- Mr. John Yamptep (Representative, SIC Insurance Plc)
- Mr. Buadi Barachel (Independent Director)
Source: kumasimail.com
