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Proxy advisers urge shareholders to vote against Nissan CEO reappointment


Reuters


June 12 (Reuters) - Two leading proxy advisory firms have urged shareholders of Japanese automaker Nissan Motor to vote against the reappointment of Chief Executive Officer and President Hiroto Saikawa, the Nikkei newspaper reported on Wednesday.

Glass Lewis and Institutional Shareholder Services ISS have sent materials opposing Saikawa's reappointment to their clients, the Nikkei without citing sources (graphic).

Glass Lewis told shareholders that as Saikawa was a representative director when the then Chairman Carlos Ghosn allegedly engaged in financial misconduct, it cannot support him in a position of oversight over other directors, the newspaper said.

Nissan, Glass Lewis and ISS were unavailable for comment outside their regular business hours.






This article appears in: World Markets , Stocks , Economy , Technology



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