Doror, Min Hee-jin on a two-month production contract "All registered directors are the same"
Aug 30, 2024
|
Regarding former CEO Min's term of production contract, Adore said on the 30th that he sent the contract to Sports Chosun in time for Min Hee-jin's term of office as an inside director on November 1st, and added that if the term is extended, the contract must be renewed again at that time.
Former CEO Min expressed his position that the very short-term production contract was unfair, given that the board of directors designated the term of the Newzins production contract for two months. In addition, there are many toxic provisions that can be terminated by Odor's unilateral intention.
In this regard, Adore stated that '2 month production work commission contract'" is applied equally to all registered directors". He also explained to former CEO Min's claim that there are many toxic provisions that can be unilaterally terminated from the contract, saying, `If you do not faithfully perform your duties as a producer, you have a minimum device to prevent such acts that cause great damage to management.'
In addition, "Considering the role of civil directors, we prepared the same 'delegation contract' as the executives, and the basic provisions included in these delegation contracts of course"
Former representative Min's announcement of his position on this day pointed out that it is a normal discussion procedure to consult with the Board of Directors rather than to issue a statement if there is a disagreement on the terms of the contract.
He also pointed out that "it is regrettable that the purpose is to send a draft contract and consult with the CEO, but it is only a normal matter that can be handled sufficiently through consultation within the company.""
Adore held a board meeting on the 27th and appointed Kim Joo-young, the inside director of Adore, as the new CEO" he said. In other words, Min Hee-jin, the existing representative, will step down from the representative position, and Kim Joo-young will step up to the new head position. However, former CEO Min, who resigned from his position as CEO, will maintain his position as an in-house director and will also take charge of producing Newzins.
However, former CEO Min claimed that the decision to dismiss him was an illegal decision that directly contradicted the decision to ban shareholder contracts and the exercise of voting rights. He also countered that "there is a procedural problem with the board's decision" and that "the New Gene's production contract was also unilaterally notified.'
rightlight@sportschosun.com
