Audio By Carbonatix
Management Consultant, Charles Mensah is advocating a paradigm shift to monthly remuneration of Directors of Public. While some directors receive monthly allowances, others are paid per diem or per daily meeting.
Some directors are however said to be abusing especially the per diem compensation package. Mr. Mensah is therefore a arguing for the per diem compensation to be scrapped.
“Because they call it sitting allowance, each time they sit, they get paid and this is being abused. All they have to do is to increase the frequency of sitting and therefore if you take some companies profit and loss accounts, you’ll notice that the sitting allowance takes a lot of it”
He further argues the per diem is unduly taking a negative toll on the implementation of policies by management teams.
“They are supposed to give policy direction which is a periodic activity. So sometimes it doesn’t allow the managers to measure the policy direction that they have given them because they have to come back after 3 or so days to report. So the ideal thing to do is to rather reduce the sittings and strengthen the management so that they can report to the board on monthly basis” he noted.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Joy FM’s Strong and Sassy has a new host, aKorfa
20 minutes -
Bawa Rock Ltd donates GH₵200k to KATH to support indigent patients
28 minutes -
‘I have great sympathy for Ken Ofori-Atta’ – Inusah Fuseini
29 minutes -
CIMG urges all practising marketers to regularise status under Ghana’s marketing law
34 minutes -
GES warns public against fake recruitment letter circulating on social media
41 minutes -
Joy FM’s Home Affairs moves to 5:30am on Saturdays: same conversations, same impact
48 minutes -
There is too much politicisation of a simple criminal matter – Tampuli on Ofori-Atta’s case
56 minutes -
Transparency International calls for PPA act amendment to publish full contract details
1 hour -
Successful prosecution requires due diligence, not political noise — Dr Bomfeh Jnr
1 hour -
Five-time Olympian Felipe Perrone engages GOC, GSA to boost Water Polo sport
1 hour -
Africa’s single market will fail without a supranational court
1 hour -
NIA trains CID officers to strengthen investigations on Ghana Card registration
1 hour -
Ofori-Atta’s interest will best protected if he returns to Ghana – Prof Gyampo
2 hours -
Political agitation rather making Ofori-Atta extradition bid a ‘foolish case’ – Tampuli
2 hours -
Ofori-Atta case could be framed as political persecution abroad – Hassan Tampuli
2 hours
