By Madiba Singhateh
The Social Security and Housing Finance Corporation (SSHFC) Board on Saturday 24th of February 2024 hosted a comprehensive meeting at the Ocean Bay Hotel in Bakau, dedicated to strategic discussions, financial performance analysis, dividend payments and future planning of its subsidiaries.
The meeting focus remained on fostering a forward-looking approach to sustain growth and meet evolving market demands for optimum value for shareholders.
The meeting served as a pivotal platform for strategic alignment, fostering collaboration, and laying the groundwork for future initiatives.
As SSHFC continued to uphold its commitment to excellence, such gatherings play an integral role in driving sustainable growth and ensuring stakeholder satisfaction, especially in terms of dividend payments.
Speaking at the meeting Mr. Oreme Joiner the chairman of the SSCHF Board said the meeting was held in order to meet with their subsidiaries (that is the companies they fully owned) to discuss with them so that they will understand that they have an oversight body watching over them. He said they are monitoring them so that they can add value to their investments.
“In effect we are saying to them they have to do well in effect to pay us dividend so that our accounts will be good so that we will be able to pay back to government or give government what we should give to them or give the pensioners what they should have from Social Security.
We never had meeting with companies that are owned by Social Security, infact this is the first time, ” he said
Mr. Joiner, conveyed to the assembly his anticipation for the subsidiaries to amplify their performance, ensuring fulfilment of obligations to SSHFC and all stakeholders.
He also expressed gratitude for their active participation and reaffirming the corporation’s commitment to pursuing excellence in all endeavours.
The companies under them are GTS , Ocean Bay and Gampetroleum which they owned majority shares.
CEOs of subsidiaries provided updates on operational activities, highlighting achievements and challenges encountered in their respective domains. Through candid discussions, attendees identified obstacles and explored potential solutions to enhance operational efficiency and address emerging challenges. Opportunities for improvement and growth strategies were also discussed to pave the way for sustainable development.
