THE National Insurance Commission (NAICOM) will reconstitute a new board of directors for Goldlink Insurance Plc as a result of the expiration of tenure of the interim board set up by the commission when the board of the company resigned in November, 2012.
At the 19th yearly general meeting of the company held in Lagos, a member of the interim board said early next year, the commission will reconstitute a new board of directors for the company to continue to direct the operation of the company.
It would be recalled that the commission in 2012 constituted a seven-man interim board of directors to oversee the affairs of the company following the resignation of members of the board of directors of the company.
The chairman of the interim board, James Olatunde Ayo, addressing shareholders at the meeting said “the interim board, to state the obvious, believes that the company’s major strength which lies in its experienced and competent management team, dedicated workforce and prompt claims payment should drive sustainable growth in the short to medium term.
In his remark, Coordinator, Independent Shareholders Association, Sir Sonny Nwosu, said there was need for all stakeholders to work together to reposition and strengthen the company for overall interest of investors because Goldlink Insurance is a good brand in the insurance industry. According to him, the company’s public image and better visibility should continue to be promoted through reporting advances made by the company.
The interim board has been charged with the responsibility of carrying out full investigation of the financial reports and corporate governance failures observed in the course of reviewing the company’s financial statement for the year ending December 31, 2011.
Source: Guardian News