Shareholders of Ourhome reject ex-CEO's attempt to oust his sister from the helm
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Koo Bon-sung, the only son of the Ourhome owner family, requested the dismissal of the 21 directors appointed by his youngest sister and current CEO and vice chairperson Koo Ji-eun to replace them with 48 new directors including himself at the extraordinary shareholders’ meeting on Thursday. Both counts were rejected.
The move to replace the current board of directors was also seen as a way to regain his management rights after he was ousted from his position in June last year by his three sisters - Mi-hyun, Koo Myung-jin, and Ji-eun – for Ourhome’s lackluster business performance and his road rage scandal.
Neither Mi-hyun nor her proxy showed up at the extraordinary shareholders’ meeting, most likely because the court limited her voting rights.
Mi-hyun was seen to have sided with her brother during this round of the sibling feud after deciding to sell her company stake, but she later released a statement distancing herself from the extraordinary shareholders’ meeting.
The three sisters in the owner family hold a combined 59.6 percent stake and Bon-sung 38.6 percent, amounting to a total 98 percent stake in the company.
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