BTS Granted Authority In New Contract To Be Able To Vote/Make Decisions For Whatever HYBE Plans To Do With Hybe Groups And etc...

I will just ask one question

Can they say no to whatever Min Heejin says, or whatever Min Heejin does to make NewJeans attack BTS?

If the answer is no, then it is for nothing.

Right now, no one is more threatening to BTS than Min Heejin.

Well, they have the shares so it's no surprise

Quote from Jasque-O-Part2

Well, they have the shares so it's no surprise

Maybe 0.1% per person against Bang's 30+%

Quote from tokki-swag

Well it says now that despite the shares, BTS has this new power now, and that was made put in the contract with Bang PD and BTS together

Min Heejin will probably laugh it off since effectively she is now only answerable to Bang only

I wonder how this will affect akgae fanwars, I am seated

Quote from tokki-swag

idk girl, cuz they talking about BTS themselves have a say now in whatever HYBE does man......

So if they say in that board room, they don't think NewJeans should put out a certain concept, then.......

Then MHJ calls bluff on their collective 1.1% and raises, lol:

NewJeans Creator Min Hee Jin is now one of the Wealthiest Female Stockholders in South Korea

Min Hee Jin, the CEO of HYBE's sub-label ADOR, who created the idol group NewJeans, has placed her name on the li…

www.allkpop.com

First of all, one of the conditions MHJ got when setting up ADOR was that it would be an autonomous unit with regards to business management - not even Bang has formal say.

But for fun let's say NewJeans was under Big Hit. Artists don't attend corporate board meetings, neither do stockholders - management does. Management is a full time job you get paid for.

Also, voting is not as sexy as it seems. If you invest in stocks, you'll be familiar with getting resolutions to vote on in the mail (if you didn't delegate that to a proxy say like Blackrock, like how BTS used to delegate that to Bang). The board of directors decides what's up for vote and they're usually boring items that require shareholder approval dealing with governance or expenditures - like the election of the board of directors, mergers and acquisitions, and executive compensation. Management and operational decisions are not up to vote as they're management responsibilities they get paid the big bucks to handle.

Take Kpop twitter with a grain of salt when it comes to business/financial matters.

Quote from oneinamiyeon

Then MHJ calls bluff on their collective 1.1% and raises, lol:

https://www.allkpop.com/articl…ockholders-in-south-korea

First of all, one of the conditions MHJ got when setting up ADOR was that it would be an autonomous unit with regards to business management - not even Bang has formal say.

But for fun let's say NewJeans was under Big Hit. Artists don't attend corporate board meetings, neither do stockholders - management does. Management is a full time job you get paid for.

Also, voting is not as sexy as it seems. If you invest in stocks, you'll be familiar with getting resolutions to vote on in the mail (if you didn't delegate that to a proxy say like Blackrock, like how BTS used to delegate that to Bang). The board of directors decides what's up for vote and they're usually boring items that require shareholder approval dealing with governance or expenditures - like the election of the board of directors, mergers and acquisitions, and executive compensation. Management and operational decisions are not up to vote as they're management responsibilities they get paid the big bucks to handle.

Take Kpop twitter with a grain of salt when it comes to business/financial matters.

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Wut? Where did you get this? Why do Kpoppies continue to insist in fairytales where the tail wags the dog? Subsidiaries do not control parent companies ffs.

What's far more likely is that she was allowed to be autonomous with artistic/creative decisions and to control where money goes that is allocated to her or that Ador makes. Within reason of course. As long as she succeeds, makes money for Ador and Hybe, no one bothers her. That's how subsidiaries work and Ador is likely no different.

Hi,

They earned that sh1t. HYBE is the house they built. Don't @ me.

This also means they'll be as cautious with the bottomline, because it's their bottomline now too.

Quote from BlackpinkHouse

Subsidiaries do not control parent companies ffs.

Wut? You're putting words in my mouth ffs.

MHJ: "When I launched ADOR under HYBE, I strongly argued for a complete “lack of interference on creativity and our independent operations”. And as such, HYBE has no say or relation to how ADOR operates and runs production." -Cine21

Quote from BlackpinkHouse

That's how subsidiaries work and Ador is likely no different.

If it were so simple like you make it out to be, then MHJ wouldn't have had to argue for certain clauses in the bylaws. Ador is assuredly (not "likely") different.

They are just normal shareholders now, just like you or I were to buy Hybe shares. It depends on how many shares they own collectively regarding how they can influence decisions such as who is a board member and if more shares can be issued to raise capital.

Quote from sveznalica

I wonder how this will affect akgae fanwars, I am seated

Most likely Armies vs Bunnies