Nissan board meeting to discuss Nishikawa's remuneration issues September 9th, 5:09
Nissan will hold a board meeting on the 9th, changing the exercise date of President Nishikawa's right to receive compensation linked to the stock price, and discussing issues that received more than the original amount. Apart from this issue, Nissan is proceeding with discussions on the renewal of the management team in response to the case of former chairman Carlos Ghosn, and plans to make full-fledged selection of the successor to President Nishikawa.
According to company surveys, Nissan's president Nishikawa changed the exercise date of the right to receive compensation linked to Nissan's stock price six years ago in a way that violated internal regulations, and received tens of millions of yen. It was. We also know that several other executives received as much.
Nissan will hold a board of directors meeting on the 9th, receive reports from internal investigations, and consider responses. According to the officials, internal investigations do not violate laws and regulations, and it is expected to consider whether internal disposal is necessary and how to revise this compensation system.
In this matter, President Nishikawa has expressed his intention to return as much as he received, saying, “We did not give instructions to change the exercise date of the rights and it was an operational issue.”
On the other hand, apart from this problem, President Nishikawa decides the executive management personnel appointed at the General Meeting of Shareholders in June, in light of the incident involving the massive remuneration of former Chairman Carlos Ghosn. It is clear that he has entrusted his nomination to the Nominating Committee.
Nissan will also hold a nominating committee on the 9th, and will begin full-scale discussions to renew the management team, including the replacement of President Nishikawa.