SIC Insurance PLC formally establishes an Audit Committee.
📣 Ghana's Biggest Insurance Player Fortifies Risk Management Strategy with a New Audit Committee 🔐
SIC Insurance PLC, the leading general insurance firm in Ghana, has taken a bold step by establishing a five-member audit committee designed to bolster its Enterprise Risk Management (ERM) approaches and maintain top-notch corporate governance. 🌟
The boss of the Institute of Chartered Accountants, Nana Professor J.B. Ato Ghartey (former Controller and Accountant-General) presides over this panel of auditing gurus. Here's who else is keepin' things tight:\1. Mr. Kwambena Hemeng Ntiamoah, Internal Audit Agency2. Ms. Pamela Osei Agyekum, Internal Audit Agency3. Mr. Christian Tettey Sottie, Board Member of the company and a former Controller and Accountant-General4. Mr. Nicholas Oteng, seasoned banker and a Board Member of the company
The director-general of Internal Audit Agency, Dr. Eric Oduro Osae, swore in these badass auditors and commended them, encouraging them to apply their wealth of knowledge to SIC's operations and revenue growth—focusing especially on ERM, corporate governance, and global standards. 📈
During the ceremonial swearing-in, Dr. Oduro Osae highlighted the committee's statutory roles: they're meant to offer advice, guidance, and suggestions to assist the company in minimizing risks and legally submitting reports on time. 📄
Chairman of the Board of SIC Insurance, Dr. Jimmy Ben Heymann, expressed his gratitude to the team for stepping up to serve Ghana's most significant insurance company. He's confident the members' extensive backgrounds and skills will help the Board and management make SIC vibrant and successful long-term! 💪
For those who don't know, ERM involves managing risks associated with significant events that could affect an organization's objectives. This new auditing team will play a vital role in identifying and mitigating potential hazards, ensuring SIC Insurance stays at the top of its game. 🌟🚀
- SIC Insurance PLC, in its ongoing strides to enhance its financial stability and business operation efficiency, will leverage this new audit committee's expertise to produce timely and accurate reports, adhering to insurance industry standards and regulations.
- Given the ever-evolving landscape of technology and the increasing complexity in business operations, this auditing team is instrumental in SIC Insurance's mission to integrate forward-thinking technology and strategic financial planning, ensuring continuous growth and competitiveness in Ghana's insurance market.
