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Shareholders OK Nissan's Governance Reform Plan

Shareholders OK Nissan's Governance Reform Plan

   Yokohama, June 25 (Jiji Press)--Nissan Motor Co. <7201> on Tuesday obtained shareholder approval for its governance reform plan, setting the stage for regaining trust in the firm, which has been tainted by a financial scandal involving former boss Carlos Ghosn.
   The major Japanese automaker's proposal to amend its articles of incorporation to introduce a "company with committees" system received the green light at a general meeting of Nissan shareholders. Renault SA, Nissan's French partner and top shareholder, which had been reluctant to approve the plan, withdrew the opposition and cast a yes vote, after Nissan modified it by accepting a demand from the partner.

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AFP-JIJI PRESS NEWS JOURNAL


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