Former Ador CEO Min Hee-jin, who is under investigation for alleged breach of trust, has filed for an injunction to be reinstated as a director at the company after her term ends on November 2. This move comes after the Ador board decided to replace her as CEO and appoint a new CEO, leading to a dispute over the decision. Min's legal team has submitted a petition to the Seoul Central District Court, seeking an extraordinary general shareholders' meeting to reappoint her as a director and eventually as CEO, as per the shareholders' agreement. In response to the board's decision, Min's legal representatives have shifted their focus from contesting her dismissal as CEO to pursuing an injunction for an extraordinary general meeting and her reappointment as a director before her term expires. They argue that the shareholders' agreement guarantees her a five-year term as CEO and internal director, and criticize the board for violating the court's previous decision. Additionally, members of NewJeans, a group under Ador, have expressed dissatisfaction with the agency's treatment and have called for Min's reinstatement as CEO by setting a deadline of September 25.
Former Ador CEO Min Hee-jin, who is under investigation for alleged breach of trust, has filed for an injunction to be reinstated as a director at the company after her term ends on November 2. This move comes after the Ador board decided to replace her as CEO and appoint a new CEO, leading to a dispute over the decision. Min's legal team has submitted a petition to the Seoul Central District Court, seeking an extraordinary general shareholders' meeting to reappoint her as a director and eventually as CEO, as per the shareholders' agreement. In response to the board's decision, Min's legal representatives have shifted their focus from contesting her dismissal as CEO to pursuing an injunction for an extraordinary general meeting and her reappointment as a director before her term expires. They argue that the shareholders' agreement guarantees her a five-year term as CEO and internal director, and criticize the board for violating the court's previous decision. Additionally, members of NewJeans, a group under Ador, have expressed dissatisfaction with the agency's treatment and have called for Min's reinstatement as CEO by setting a deadline of September 25.