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Nissan announces decisions from meeting of board of directors


YOKOHAMA, Japan – WEBWIRE

Nissan Motor Co., Ltd. today held a meeting of its board of directors.

At the beginning of the meeting, the board re-emphasized its commitment to its alliance partnership with Renault and Mitsubishi Motors.

The board decided that in order to enhance the company’s governance, it will enlarge the scope of business decisions that require board approval.

The board also decided on an interim process to determine compensation for directors and executives, which will have effect until the board makes its final decision based on proposals from the Special Committee for Improving Governance.

The board also received an updated report on the ongoing internal investigation regarding serious misconduct by the company’s former chairman.

About Nissan Motor Co., Ltd.
Nissan is a global full-line vehicle manufacturer that sells more than 60 models under the Nissan, INFINITI and Datsun brands. In fiscal year 2017, the company sold 5.77 million vehicles globally, generating revenue of 11.9 trillion yen. On April 1, 2017, the company embarked on Nissan M.O.V.E. to 2022, a six-year plan targeting a 30% increase in annualized revenues to 16.5 trillion yen by the end of fiscal 2022, along with cumulative free cash flow of 2.5 trillion yen. As part of Nissan M.O.V.E. to 2022, the company plans to extend its leadership in electric vehicles, symbolized by the world’s best-selling all-electric vehicle in history, the Nissan LEAF. Nissan’s global headquarters in Yokohama, Japan, manages operations in six regions: Asia & Oceania; Africa, the Middle East & India; China; Europe; Latin America; and North America. Nissan has partnered with French manufacturer Renault since 1999 and acquired a 34% stake in Mitsubishi Motors in 2016. Renault-Nissan-Mitsubishi is today the world’s largest automotive partnership, with combined sales of more than 10.6 million vehicles in calendar year 2017.

For more information about our products, services and commitment to sustainable mobility, visit
nissan-global.com. You can also follow us on Facebook, Instagram, Twitter and LinkedIn and see all our latest videos on YouTube.


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