Nissan President resigned Revenue of 47 million yen in violation of internal regulations Lost centripetal force 10 September at 4:44

Nissan Motors President Hayato Nishikawa will resign next week. The board of directors agreed to promptly resign because the centripetal power was lost due to uncertain rewards, and President Nishikawa accepted it.

Outside Directors Yasushi Kimura, Chairman of the Board of Directors at Nissan Motor Co., Ltd., held a press conference on the evening of the 9th and announced that President Nishikawa will resign as of this month.

The board of directors agreed to promptly resign, and President Nishikawa accepted it.

At a press conference, an outside director Kimura said, “Nishikawa-san's problems occurred and we decided that this timing was appropriate in terms of centripetal power both inside and outside the company.” So, I showed the recognition that President Nishikawa's lack of centripetal force was the reason for his resignation.

On the other hand, President Nishikawa, who had a press conference, said, “Please allow me to touch the baton in the middle of the road.”

The successor plans to set the goal until the end of next month, but Nissan is the urgent issue of how to rebuild sluggish performance in addition to the relationship with Renault who is jerky after the case of former Ghosn You will be asked if you will be able to suppress the upset by resignation early.

Nissan also announced the results of an internal investigation regarding the case of former Chairman Ghosn, and revealed that the company's damage due to fraudulent activities will total 35 billion yen, and that it will take measures such as compensation for damages in the future .

What is a stock price-linked compensation system?

The issue this time was the right to receive rewards linked to the stock price, which is called “stock application light”.

Nissan decided to introduce it at the general meeting of shareholders in 2003, and it is targeted at executives such as directors.

Once granted, the Target is deemed to have acquired the company's shares at the base price.

At this time, the company determines the period during which you can exercise your right to receive compensation.

Eligible executives will set a date for exercising their rights during this period.

If the stock price on the day of exercising rights is higher than the standard stock price, you can receive the difference as a reward.

On the other hand, if the stock price on the day when the right is exercised is lower than the standard stock price, the reward using this right will be zero.

According to the people concerned, in the case of Nissan, once the exercise date is determined using a dedicated system, the date cannot be changed.

However, as a result of internal investigation, it was confirmed that several executives including President Nishikawa changed the exercise date of rights in a way that violated internal regulations and received a lot of compensation.

Process of reward

Regarding the remuneration linked to the stock price received by Nissan President Nishikawa, former President Greg Kelly, who was charged with former Chairman Ghosn, pointed out a problem in an interview with a monthly magazine released in June. It was.

According to that, President Nishikawa received a reward of about 47 million yen more than the original, because the stock price rose 6 years ago after the exercise date that he had decided in advance passed, and the exercise day was shifted by one week. is.

Former President Kelly also testifies that President Nishikawa has asked in the past whether Nissan could replace the cost of housing purchases with Nissan.

After this interview was posted, President Nishikawa said, “I don't think there is any problem with touching the law or doing anything wrong.”

Also, on the 5th of this month, he stated that he would return the amount he received as he said, “It was an operational problem because he did not instruct him to change the exercise date.”

According to those involved, Nissan's internal investigation of the issue confirmed that not only President Nishikawa but also multiple executives received the same amount of compensation.

On the other hand, internal investigations indicated that they did not violate the law.