The Chief Executive Officer (CEO) of the Ghana Cylinder Manufacturing Company Limited (GCMCL) Frances Essiam has denied claims of awarding several contracts worth millions of Ghana cedis without recourse to the company’s board.
Her denial comes in the wake of a letter from the company’s board warning her to stay off the disbursement of a GH¢5million stimulus package sought by the government for the company.
The letter titled: ‘Urgent issues for which the board needs answers from the CEO’ dated April 13, 2018 signed by board chairman, former Effiduase-Asokore MP Frank Boakye Agyen read in parts that: “….at the meeting of the board on the 5th of April 2018, members unanimously asked me to write to you to demand answers for the following actions of yours; in ordering the company’s old and disused machinery for sale as scraps, did you follow due process laid by law? If yes, please state the processes you followed” among others.
But In an explosive interview on Starr Today, Mrs. Essiam said the allegations are a “barrage of lies” and “borne out of hatred and malice.” Describing herself as a woman of “substance” and “incorruptible” Mrs. Essiam hinted that she will seek legal actions against the company’s board chairman for impugning her integrity.
“For all the things that he [board chairman] said, I will take the appropriate means administratively, legally to seek redress and repair my image,” she stated.
“The law will take its course…and trust me the law will take its course because I am talking as a woman whose reputation is being wounded,” she added.
She thus urged the board chairman of the company to be ready to furnish he courts with evidence of her impropriety at the company.
Source: starrfmonline.com
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THE STEALERS ARE IN POWER
The CEO of GEPA is more powerful than the Board chairman
Please leave this hard working woman alone. The fight is over 5 million cedis support the company got from government. The principle of appointing MPs who lost as board chairpersons in this government is another sign of failed policies. Board chairman is a lawyer, so a reasonable person would suspect that after losing an election, the board chairman Mr. Agyen should go back to his law practice. Because politics is a way to instant riches, now the fight over 5 million cedis that was supposed to revive Ghana Cylinder Manufacturing Company.
The Board is ALWAYS powerful than the CEO and let’s make no mistake about that. In many cooperations good governance requires that the CEO serves as a secretary to the Board and must be at Board meetings. Those questioning that the Board shouldn’t have a say in the strategic or tactical running of the entity are dead wrong!
what sort of board holds meeting without the CEO. So should the CEO tell the board every action it takes or its a company policy that board should be inform when obsolete equipment is being disposed of. IF THE BOARD WANTS TO RUN THE COMPANY THEY SHOULD SAY SO,. BOARDS ARE NOW IMPEDIMENTS
Yes, is like this days the boards have more power than the CEO's. Same is happening at Cocobord, where Hack Owusu is the Board chairman.
Whither are we going? Have people come to realize that the business of any political party in power affects every Ghanaian in spite of his/her political inclination? It is neither the preserve of NPP nor NDC or any other party to come! We must be conscientious when doing things whilst holding public appointments
@Regina The difference is that, if it were NDC the board would keep quiet and be waiting for their share.
Hmmmm......these NPP team ? We thought it was only NDC but they are all the same.
How can a CEO not be part of a governing board, such that the board will hold meetings without the CEO?