Decision to dispose of four executive officers and other officers due to increased Nissan rewards January 16 21:04
Nissan Motor Co., Ltd. has announced that it has decided to dispose of four officers, including executive officers, for receiving extra compensation based on stock prices in violation of internal regulations. The issue of inappropriate compensation has led to the resignation of former President Hiroto Nishikawa in September last year.
This was revealed in a report filed by Nissan on the Tokyo Stock Exchange on the 16th.
Nissan has already announced that six executives, including former Nishikawa, and other executive officers have received extra padding by changing the exercise date of the right to receive compensation linked to the stock price. It was revealed that the inflated amount in the total amounted to 57.72 million yen for 6 people.
As a result of the investigation, Nissan concluded that these six persons did not receive much compensation for their own proposals. It means that we have decided to dispose of four officers.
Nissan is demanding a return from executive officers and others who receive the inflated remuneration.
For compensation linked to Nissan's stock price, former President Nishikawa resigned his position last September, taking responsibility for causing confusion due to this issue.
Nissan, on the other hand, said that many misconduct related to former Ghosn had been committed for a long time, and among employees involved in misconduct, employees who are at the general manager level or higher and are likely to significantly affect internal governance3 You have decided to dispose of the person.
Former Chairman Ghosn reveals specific misconduct
A report submitted by Nissan to the Tokyo Stock Exchange states that an internal investigation and a joint investigation with the Dutch controlling company in which it invested revealed specific misconduct by Former Chairman Ghosn. And the amount spent by Nissan.
Among them, an investment company established in the Netherlands invested more than $ 22 million in the purchase and renovation of homes used by Ghosn in Brazil and Lebanon, or more than 2.4 billion yen at current exchange rates Is paid.
Also, Nissan paid a long-term advisory fee to former Ghosn's sister, totaling over $ 750,000, or more than 82 million yen at the current exchange rate.
Nissan's corporate jets and charter jets are used by himself and his family for private use, and Nissan claims to have paid $ 4.4 million, or 480 million yen at current exchange rates.
Ghosn-led Nissan and Renault-owned Dutch headquarters, meanwhile, have paid for parties at Versailles near Paris, as well as the Brazilian midsummer festival Rio Carnival and France. At least 3.9 million euros to invite guests to the Cannes Film Festival in Canada and to purchase gifts at luxury brand stores and not related to the operations of the controlling company, or 470 million at the current exchange rate Pointed out that the yen was spent.