Nissan Introduces New System for Retirement of Executive Officers Aims to Increase Transparency February 26 5:07

Nissan Motor has introduced a new system aimed at increasing transparency on retirement remuneration for executive officers in light of the incident involving the retirement of former Ghosn's huge compensation. In addition to clearly stating the basis for calculating the amount, it also includes compelling companies to pledge not to change jobs.

Nissan Motor moved to a “company with nominating committee” last year following the case of former chairman Ghosn, and a system where external directors play a central role in deciding personnel and remuneration.

According to stakeholders, Nissan has introduced a new system for retirement of executive officers under the new system, in light of these huge compensation cases.

In addition to clarifying the standard for calculating the amount, it also states that when receiving compensation, competing companies must pledge not to change jobs or waive their claims for damages to the company for a certain period of time.

In addition, we stipulated in detail the conditions for non-payment such as resignation for personal reasons or misconduct. The fact that there has never been such a detailed system means that the company has decided to introduce it as part of a reform to increase management transparency.

In addition to the retirement of executive officers, the annual compensation has been changed to a system that emphasizes long-term performance improvement, and Nissan will tackle the pressing issues of recovering sluggish performance and reforming the management system We are in need.