Board of Directors Meeting for ADOR and HYBE

The board of directors meeting has been confirmed for ADOR and HYBE to proceed with.

ADOR & HYBE To Proceed With Board Of Directors Meeting On THIS Date — See Details Here — Min Hee Jin

The companies ADOR and HYBE will be starting a board of directors meeting.

The upcoming event is the meeting of the board of directors.

According to reports from Korean news outlets on May 7, ADOR informed HYBE about an upcoming board of directors meeting. It has been revealed that the meeting, set to take place on May 10 in Seoul, will be attended by ADOR CEO Min Hee Jin, Vice President Shin, and Creative Director Kim.

According to the legal representative of ADOR, Shin & Kim Law Firm, the company has announced that it will organize a meeting for general shareholders by the end of May.

“The law firm announced that the board of directors will convene on May 10, and the general shareholders meeting will take place before the end of May. They also assured that additional information will be provided to the court by May 13.”

On April 29, Min Hee Jin refuted the accusations of a board of directors meeting taking place amidst the ongoing feud between ADOR and HYBE. According to K-media reports, the CEO stated that HYBE’s attempts to replace ADOR’s officials and appoint new members were unlawful.

Min Hee Jin explained that the meeting had been rejected due to the illegal nature of the audited board of directors’ convention, which fell outside of HYBE’s legal parameters. Nevertheless, HYBE had already arranged for a meeting among shareholders in case of such a cancellation.

From Pantless Fashion to Min Hee Jin Press Conference: 5 Controversies LE SSERAFIM Was Involved In This Year — Min Hee Jin

If the court grants approval, the emergency meeting will address the dismissal of Min Hee Jin as ADOR CEO and also appoint new members to the company’s board of directors.

Despite Min Hee Jin’s non-compliance with the meeting, HYBE released a brief statement expressing frustration. The multi-label also stated that the auditor (HYBE) holds the authority to audit directors’ performances and formally call for a meeting.

On April 25, HYBE released a statement declaring their intention to formally accuse Min Hee Jin and her associates of breach of trust. The company stated that the audit results have uncovered credible evidence of Min Hee Jin’s efforts to take control of its management.

According to sources, auditors reported that Min Hee Jin attempted to gain control by reaching out to external investors. The interim report also included specific information on how she planned to undermine HYBE during the auditing process.

Based on the audit findings, it was alleged that Min Hee Jin, leading the management team, was attempting to pressure HYBE into selling its ADOR shares.

Following this, there were discussions about terminating contracts with the artists involving Min Hee Jin and HYBE. HYBE CEO Park Ji Won also issued an apology to those who were impacted by the dispute.

We would like to hear your thoughts on the update. Please feel free to share them in the comments section below.