The immediate past Managing Director of SIC Insurance Company Limited, Hollistar Duah-Yentumi, has withdrawn her court application seeking to halt the termination of her appointment by President John Mahama.
Yentumi has also withdrawn her lawsuit challenging the appointment of James Agyenim-Boateng as the new Managing Director of SIC Insurance.
The former MD had initially taken legal action against the company and its newly appointed Acting MD, citing unfair termination and disrespect for corporate governance structures.
In her suit, filed on February 4, Duah-Yentumi argued that her appointment was contractually secured for a four-year term, set to expire on January 1, 2028.
She maintained that any changes to her tenure must be approved by the company’s Board of Directors or through a resolution by shareholders at an Annual General Meeting.
But speaking to Ahotor News, former Director General of the State Interest and Governance Authority SIGA Stephen Asamoah Boateng is calling for calm
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