Nissan CEO, others received excess compensation in violation of rules: source

Business

FILE PHOTO: Nissan CEO Hiroto Saikawa attends a news conference to release first quarter earnings at the company headquarters in Yokohama, Japan July 25, 2019. REUTERS/Issei Kato/File Photo

TOKYO (Reuters) – An internal probe at Nissan Motor Co has determined that Chief Executive Hiroto Saikawa and multiple other executives had received excess stock performance-related compensation in violation of company rules, a source said on Thursday.

The source, who has direct knowledge of the matter, said the misconduct was disclosed at a meeting of Nissan’s audit committee a day earlier. Nissan’s board is set to meet later this month and consider disciplinary action, the source said, declining to be identified because the information is not public.

Reporting by Maki Shiraki; Writing by Chang-Ran Kim; Editing by David Dolan

Products You May Like

Articles You May Like

NATO’s frontline: Why the Baltic states are urging their allies to ‘wake up’
Sunak plans to tackle ‘mob rule’ as £31m package revealed to help protect MPs
Travis Barker Shares Rare Pic of His & Kourtney Kardashian’s Son Rocky
See Millie Bobby Brown in Jon Bon Jovi’s New Family Pic
Moto GP owner Bridgepoint eyes £3.5bn bonanza from motor racing sale

Leave a Reply

Your email address will not be published. Required fields are marked *