Audio By Carbonatix
In what could be described as the new twist to the boardroom saga at the National Pensions Regulatory Authority, NPRA, JOY BUSINESS is reliably informed the Outgoing Chief Executive, Dr. Daniel Seddoh has been asked to handover to the Board Chairman, Kwame Asante. This was contained in a letter signed by the Secretary to the President, Bebako-Mensah.
Dr. Seddoh is expected to handover to the Board Chairman later today. This is coming ahead of his plans to proceed on terminal leave from next week Monday before resigning on 1st May. Dr. Seddoh is handing over to the very same Board Chairman he describes as having had a non-cordial working relationship with - compelling him to resign.
Questions are also being raised about the handing-over as being in violation of the New Pensions Act which requires the separation of the governance role of the Board from the executive role of Management in Pensions Administration. As per the provisions in the Act, analysts therefore expected Dr. Seddoh to have handed over to his Deputy who acts in his absence rather than the Board Chairman.
Meanwhile, Dr. Seddoh had raised corporate governance issues in his resignation letter where he said the board instead of playing its governance role rather assumed executive powers and run the day-to-day affairs of the authority even after the Acting Chief Executive and a Deputy were appointed.
Concerns are therefore being expressed about the possible implication of the latest development for authority’s plans to license and register the Service Providers of the new Pension’s Scheme this month. Stakeholders are worried the latest development could only further delay this process expected to culminate in the full implementation of the scheme .
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
-
Dafeamekpor defends Ayine’s handling of Aksa case, faults past AGs
31 minutes -
Luv FM High School Debate: Afigyaman, OKESS seal Round of 16 spots in style
33 minutes -
Dafeamekpor urges Parliament to stay out of Aksa probe, backs expert-led inquiry
35 minutes -
The rise and rise of Azigi
42 minutes -
Is Angela List being targeted? Government must reconsider the Adamus revocation
44 minutes -
Bezos-backed consortium buys a third of Liverpool
45 minutes -
Galamsey is becoming a national survival issue – Annoh-Dompreh
60 minutes -
Beyond State Funding: NSA Inaugurates Deen-led team to power Ghana’s sports reset
1 hour -
Jason Arday death ‘tragedy on so many levels’ says PM Burnham
1 hour -
NPP has never used nolle prosequi to shield appointees – Baffour Awuah
1 hour -
A-G owes it a duty to the State even if we don’t trust him – Dr Bomfeh on AKSA bribery probe
1 hour -
A Plus dismisses claims poor English explains his limited role in Parliament
2 hours -
Unauthorised drone flights banned at Manhyia Palace
2 hours -
Aksa bribery scandal: Ghana’s probe must be pursued with speed – Dafeamekpor
2 hours -
Samson’s Take: When religion threatens peace, sanity must prevail
3 hours