The immediate past Managing Director (MD) of SIC Insurance PLC, Hollister Duah-Yentumi, has sued the company and her replacement, James Agyenim-Boateng, appointed by President John Dramani Mahama.
Duah-Yentumi accused the company of wrongfully terminating her contract.
According to her, her appointment as managing director was supposed to last until January 1, 2028.
As part of her relief, the former SIC MD has demanded that the court order the company to pay her salary as well as all the benefits she is entitled to until 2028.
Her demands include her GH¢840,000 per annum salary, her SSNIT contributions, GH¢200,000 for her official accommodation, and 10% of her salary as clothing allowance.
She also wants an entertainment allowance, a canteen allowance, a professional allowance, payment of her utilities and other taxes, as well as provisions for her house help, security, and gardener.
She is also asking for a company vehicle and a provision for her to buy fuel.
Below are her demands as stated in the writ of summons:
a. Gross basic salary of GH¢840,000.00 per annum, which is subject to an annual upward review rate of 15%.
b. Payment of the plaintiff’s Social Security and National Insurance Trust (SSNIT) and provident fund.
c. The provision of official accommodation and its maintenance to a suitable standard, at a cost of up to GH¢200,000.00.
d. A clothing allowance of 10% of the annual basic salary, payable once a year by the end of the payment year.
e. An entertainment allowance of 10% of the annual basic salary, payable monthly in twelve (12) equal instalments per year over the tenure of this contract.
f. A monthly canteen allowance of GH¢850.00.
g. A professional allowance of GH¢1,200.00.
h. Payment of all utility bills, property rates, and other taxes levied on her official residence.
i. Payment of annual membership dues for only one professional association of her choice.
j. Payment of membership fees for a health or sports club of her choice, not exceeding GH¢3,000.00 per annum, paid directly to the sports club.
k. Provision of one domestic (house) help or cash in lieu of GH¢3,000.00.
l. Provision of one personal security officer at the MD’s residence or cash in lieu of GH¢3,000.00.
m. Provision of one gardener at the MD’s residence or cash in lieu of GH¢2,000.00.
n. Provision of medical care for the managing director, her spouse, and five children below the age of 18, or up to 22 years if still schooling or unemployed, at the Bob Freeman Clinic.
o. Provision for the sole use of the managing director of a suitable company car (i.e. a V8 Toyota Land Cruiser) and payment of all expenses related to its maintenance and insurance.
p. Provision of 450 litres of fuel per month for the official vehicle.
q. The company car referred to above shall be sold to the managing director upon the expiration or termination of this agreement in accordance with the company’s asset disposal policy. Disposal of the vehicle to the managing director upon earlier termination of this agreement by the managing director shall be at the board’s discretion.
r. The managing director shall be entitled to thirty (30) working days of paid vacation (exclusive of statutory holidays) each year at such times as the board may approve.
s. The managing director shall be entitled to an annual familiarisation tour to any destination. SIC shall pay an amount not exceeding US$3,000.00 for an air ticket for the trip upon proof of undertaking the trip. The annual familiarisation benefit is a “use it or lose it” benefit.
t. The managing director’s annual familiarisation tour shall be considered part of her entitled paid vacation days each year and shall therefore be deducted from the total entitled days when taken.
u. The managing director shall be paid a per diem of US$810 for all international travels for seven (7) days towards the familiarisation tour referred to in section 5.3 (xiii). Payment shall commence before her departure.
v. Provision of a personal accident and life insurance cover in an amount equivalent to five (5) times the managing director’s annual basic salary.
w. In the course of her duties, the managing director shall be provided with a business-class airline ticket for official trips and be paid a per diem of US$810.00 per day.
x. Payment of an annual bonus shall be based on the achievement of set targets. The amount payable shall be determined in accordance with the Bonus Policy of the company.
y. Benefits and allowances that are not specified in this contract but to which the MD may be entitled will be paid at the current General Manager’s rate plus twenty (20) percent.
The plaintiff states that the salary and benefits pleaded above are subject to an annual 15% increment review.
See photos of the suit below:
BAI/AE
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