|
Ahantaman shareholders reject Board of
Directors' request for increase in stipend
Agona Nkwanta (W/R), July 7, Ghanadot/GNA- Shareholders of
the Ahantaman Rural Bank on Saturday massively voted against
a proposal by the Board of Directors for an increase in
sitting allowances from the present GH 13 cedis (130,000
cedis) to GH 50 cedis (500,000 cedis).
They also voted against the Board of Directors monthly fees
of GH 150 cedis (1.5 million cedis).
Mr. John K. Nketsia, a shareholder was the first to speak
against the increases at the 19th annual general meeting of
the Ahantaman Rural Bank at Agona Nkwanta, saying that the
fees were too high and should be reduced in order to
safeguard the banks resources.
He proposed that the bank's Director should rather receive
GH 25 cedis (250,000 cedis) while other members should
receive GH 20 cedis (200,000 cedis) as sitting allowances.
The shareholders stressed that such proposals could be
re-evaluated in the future.
The shareholders said the Director's fee, which was being
proposed for the first time, would have an effect on the
finances of the bank since the amount would have to be paid
to all the nine directors on a monthly basis.
Not even the explanations from some members of the board
could persuade the shareholders to rescind their decision
and when the vote was taken, they massively voted against
the increases and recommended rather reduced allowances and
fees.
The shareholders however agreed to pay GH 1,000 cedis
(10,000,000 cedis) to all retiring Directors of the bank for
their meritorious services.
The Board Chairman Mr. Joshua Ackah, and other dignitaries
thanked the shareholders for the contributions.
GNA
|
