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Nissan reforms governance structure, CEO to concentrate on 'succession plan'
News
26th Jun 2019
1 min read

Nissan reforms governance structure, CEO to concentrate on 'succession plan'

Nissan's annual general meeting has approved sweeping governance changes, which were championed by its CEO Hiroto Saikawa. As part of the reforms, the Nissan 11-strong board will feature two representatives each from Nissan and Renault, and seven independent directors. The company also gains three new committees overseeing nomination, compensation and audit. These committees will be led by outside directors, but will have representative each from Nissan and Renault.
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Derek Fung
Nissan CEO unaware of Renault's desire to pursue merger with Fiat Chrysler
News
29th Mar 2019
1 min read

Nissan CEO unaware of Renault's desire to pursue merger with Fiat Chrysler

Sources have told The Financial Times Renault is hoping to start merger talks with Nissan within 12 months, and then work on purchasing Fiat Chrysler Automobiles (FCA). According to wire reports (via Automotive News), when Saikawa was asked about whether he knew about Renault's reported plans, he replied, "not at all".
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Derek Fung
Nissan removes Carlos Ghosn as chairman
News
22nd Nov 2018
2 min read

Nissan removes Carlos Ghosn as chairman

Nissan has confirmed Carlos Ghosn has been removed by the board as company chairman. Ghosn and his co-accused, Greg Kelly, have also been removed as representative directors. We understand, however, both men remain on the company's board as directors, as they can only be forcibly removed at a shareholder meeting. According to Automotive News, under the Japanese system of corporate governance, only representative directors can legally speak for the company when signing contracts and deals.
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Derek Fung
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