On February 15, authorized firm HWAWOO forwarded a business proposal on behalf of SM Amusement‘s former head producer Lee Soo Man to the firm’s present administration board.
By way of the proposal, Lee Soo Guy asked for that the pursuing be bundled as a component of the agenda for the 28th basic board meeting of shareholders at SM Amusement, anticipated to just take spot in mid-March.
Lee Soo Guy said,
“It is the duty of the management board to go after the establishment of SM Enjoyment as a design determine in corporate governance, and it is the obligation of the board to prioritize the rights and interests of the shareholders. Only by accepting and satisfying these roles can this company boost its company price and share price. To assure the mid-to-long term sustainable development of SM Leisure, there is a want to revise articles in just the rules of company administration towards a long term-oriented path. It is also required to achieve transparency in the company’s management and final decision-producing system, and this can only be attained by appointed the most expert and experienced leaders to the board.”
In accordance to the share order settlement signed by HYBE and Lee Soo Guy, Lee Soo Male will defer his proper to vote at the 28th normal board conference of shareholders to HYBE. Lee Soo Person will also propose board member candidates selected by HYBE to current to the normal board in advance of the 28th gathering.
The adhering to people have been endorsed by HYBE Labels for board candidacy at SM Entertainment 28th typical board meeting of shareholders: Lee Jae Sang, CEO of HYBE The us, Jung Jin Soo, Main Lawful Officer of HYBE, and Lee Jin Hwa, Main of Administration and Planning at HYBE have gained endorsement for main interior officer candidacy. Kang Nam Gyu, senior staff attorney of GAON Law Firm, Hong Quickly Male, professor of general public administration at Yonsei College, and Lim Dae Woong, the South Korean consultant of the United Nations Surroundings Program Finance Initiative have obtained endorsement for main exterior officer candidacy. Park Byung Moo, CEO of VIG Associates has obtained endorsement for non-govt officer candidacy, even though Choi Kyu Dam has received endorsement for non-government auditor candidacy.
In order to make sure the inventive freedom of SM Entertainment, HYBE Labels will not endorse candidates in creative creation and management, including Bang Si Hyuk and Min Hee Jin.