SIC Insurance PLC, Ghana’s largest general insurance company, has inaugurated a five-member audit committee to help strengthen the company’s Enterprise Risk Management strategies and ensure a high level of corporate governance.
Nana Professor J.B. Ato Ghartey of the Institute of Chartered Accountants and a former Controller and Accountant-General chairs the five-member committee. Other members are: Mr. Kwambena Hemeng Ntiamoah, Internal Audit Agency; Ms. Pamela Osei Agyekum, Internal Audit Agency; Mr. Christian Tettey Sottie, Board Member of the company and a former Controller and Accountant-General; and Mr. Nicholas Oteng, a seasoned banker and a Board Member of the company.
The Director-General, Internal Audit Agency, Dr. Eric Oduro Osae, swore members into office and congratulated them – urging them to bring their rich experience to bear on the company’s operations and performance, with particular emphasis on enterprise risk management, good corporate governance and global best practices.
Dr. Osae also reminded members that functions of the Audit Committee as provided by the Public Financial Management (PFM) 2016 (Act 921) are mandatory, advisory and supportive roles. He added that he is convinced the Committee will guide the company to minimise risks, which is the primary responsibility of members, as well as help SIC Insurance to deliver and submit its reports on time as required by law.
Dr. Jimmy Ben Heymann, Chairman-Board of SIC Insurance who chaired the event, thanked the members for availing themselves to serve Ghana’s largest insurance company. He expressed that the profiles and experience of the members give him assurance that they will work assiduously to support the Board of Directors and Management’s efforts to see a vibrant SIC Insurance in the long-term.