Suspended Chief Executive Officer of the Ghana Cylinder Manufacturing Company, has defied a resolution by the board of the company to suspend her from duties.
Madam Frances Asiam reported to work, Wednesday, barely a day after the board took a decision to suspend her.
At a meeting held yesterday at the Robin Hood Hotel Spintex, six out of nine members of the board resolved that “Madam Frances Asiam, Chief Executive Officer (CEO) be hereby suspended from office with immediate effect.”
The board also instituted an Independent Committee of Inquiry made up of representatives from the Bureau of National Investigations (BNI), Public Procurement Authority (NPA) Ministry of Energy, Institute of Chartered Accountants to investigate alleged acts of financial impropriety against the CEO by a senior member of staff.
That is not all. The Board also reversed a decision taken by Frances Asiam to suspend the Finance and Accounts Manager, Julius Opuni Asamoah, until the committee of inquiry recommends otherwise.
Despite these decisions, Madam Frances Asiam is at work Wednesday in a charged atmosphere contrary to what happened at the company’s premises Tuesday.
JoyNews’ head of investigations, Manasseh Azure-Awuni, reported that the company was shut down with workers asked to stay home.
About 20 customers who came to transact business in the company yesterday were turned away.
The company premises, hitherto bubbly with activities, were reduced to a graveyard with no business activities.
On Wednesday however, the situation is different. Workers with red armbands and attires were seen kicking against the board’s decision to suspend the CEO.
Union Chairman of GCMCL, William Klagbo told JoyNews’ Komla Adom, the board is yet to explain to them the reasons for suspending Madam Frances Asiam.
They, however, halted the demonstration and resumed work after Frances Asiam gave them the assurance that she was still at post.
It is not clear yet what the board will do in the face of the decision by the CEO to disregard the order of suspension.
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