Min Hee Jin stands her ground, declaring the meeting unlawful.
![The Escalating Clash: ADOR’s Min Hee Jin Refuses to Attend HYBE’s Board Meeting 3 IMG 5265 1](https://i0.wp.com/theubj.com/uae/wp-content/uploads/2024/04/IMG_5265-1.jpg?resize=900%2C439)
The ongoing dispute between ADOR’s CEO Min Hee Jin and HYBE has escalated further. Reports from April 29, 2024, confirm that Min Hee Jin has declined to participate in a HYBE-initiated board of directors meeting.
Min Hee Jin’s refusal to engage with HYBE was based on two distinct justifications. She cited that HYBE’s efforts to replace the CEO and board of directors at ADOR are unlawful. Additionally, the proposed meeting of the board of directors, which had undergone auditing, falls outside of HYBE’s jurisdiction, rendering it illegal as well. In her words, “the rights to a convention of audited board of directors are exclusively confined to the audit’s stipulations, and HYBE’s proposal is therefore unlawful.” In essence, before the audit against ADOR’s leadership has concluded, HYBE is already pushing for a board of directors meeting to hasten the removal of Min and her executives.
![The Escalating Clash: ADOR’s Min Hee Jin Refuses to Attend HYBE’s Board Meeting 5 bsh time](https://i0.wp.com/theubj.com/uae/wp-content/uploads/2024/04/bsh-time-1-1.jpg?resize=925%2C1224)
Previously, on April 25, HYBE filed a legal request for an emergency shareholders’ meeting in the event that the directors’ meeting proved unsuccessful. This contingency plan to oust Min Hee Jin as CEO and to revamp ADOR’s management board could take 8 to 9 weeks to come to fruition. HYBE explains, “based on their by-laws, they are entitled to assess the performance of their directors and call for a board meeting, which does not explain the reluctance of CEO Min Hee Jin to comply.”
For more on this conflict, refer to reports from April 22, 2024, which reveal HYBE’s abrupt audit against Min Hee Jin and allegations that she aimed to seize control over ADOR.
“Black Propaganda” — Min Hee Jin Accuses HYBE of a Smear Campaign to Discredit Her
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FAQs About the Dispute Between ADOR’s Min Hee Jin and HYBE
- Why is Min Hee Jin refusing HYBE’s board of directors meeting?
Min Hee Jin argues that HYBE’s request to change ADOR’s CEO and board of directors, as well as their call for a convention of the audited board of directors, is illegal and outside their rights.
- What does HYBE plan to do if the board of directors meeting does not take place?
Should the board meeting not proceed, HYBE’s backup plan involves calling an emergency shareholders’ meeting with the intention to remove Min Hee Jin as CEO and restructure the management board of ADOR.
- How long would it take for an emergency shareholders’ meeting to occur?
It is expected to take at least 8 to 9 weeks for an emergency shareholders’ meeting to be scheduled.
Conclusion
The battle between ADOR’s CEO Min Hee Jin and the entertainment conglomerate HYBE has intensified with Min Hee Jin’s refusal to attend a board of directors meeting requested by HYBE. The refusal is grounded in legal arguments that challenge the legitimacy of HYBE’s actions. This standoff suggests a deepening rift within the corporate governance of the companies involved and showcases the complex nature of business disputes within the K-pop industry. As both parties stand firm in their positions, the resolution to this conflict remains to be seen, with the entertainment industry and fans closely watching the developments.