News Politics Stop Interfering With Your CEOs…President Cautions Board Chairmen By admin Posted on April 10, 2019 4 min read 0 0 634 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr His Excellency President Nana Addo Dankwa Akuffu Addo is worried about what the presidency calls, “interference” in the administration of state-owned institutions by their respective Board Chairmen. He has accordingly warned Board Chairmen to desist from such practices since their actions are clearly against corporate administration in any organized institution. Visibly unhappy Senior Minister, Mr. Yaw Osafo Marfo who revealed this stressed that, such practices defeat the core roles of the boards whose roles he said are “to provide direction”. Speaking to the media on after the swearing-in of the new Board for the Microfinance and Small Loans Centre, (MASLOC) in Accra, the Senior Minister added that, “The board, particularly chairmen of some of our Boards have had problems because they want to be involved in the day-to-day running of the institutions, no! If you are a Board Chairman, you really have nothing to do with the day to day running of the intuition”. “You are responsible for formulating policies which you should ensure management puts to use. That is where your beef is but as to who benefits from what pesewa or cedi, is not your job.” He reiterated. Even though the Minister stopped short of naming any specific intuition, recent happenings of board chairmen clashing with the CEOs, especially that between the Board Chairman of the Ghana National Petroleum Corporation (GNPC) Freddie Blay and the Chief Executive officer, Dr. K.K Sarpong, over procurement issues and recent happenings at the Ghana Cocoa Board (COCOBOD), are key instances. These happenings, according to the Senior Minister have “become a cause for concern and the President, Nana Addo Dankwa Akufo-Addo and he is not enthused about it”. Mr. Osafo Marfo, stressed the need for harmony between Boards and Management of public institutions, adding, that is the only way the wranglings will end. “We have had serious problems and the president gets worried sometimes about problems between the board and management.” While Mr. Maafo believes there is nothing wrong with a Board Chair asking for assistance from an institution’s management, he said no interference is acceptable. “What I see wrong is a Chairman taking an office on the same floor with the MD and literally giving instructions as to who should do what. “No, I don’t want that. I want harmony between the board and management,” he added.