By on June 13, 2019

Image: Nissan

Two proxy advisory firms have reportedly encouraged shareholders to vote against reappointing Hiroto Saikawa as Nissan’s chief executive. While it’s relatively uncommon to see voting research providers issue such an overt recommendation, it’s not unheard of.

Institutional Shareholder Services (ISS) suggested shareholders vote against Saikawa at Nissan’s annual general meeting later this month, citing his closeness to Carlos Ghosn as a liability. According to Reuters, the firm believes the automaker should try to distance itself from the recent past as much as possible.

“When the company needs to break from the past and build a strong board with fresh members, the reelection of Hiroto Saikawa, who has been on the board for 14 years and worked closely with Carlos Ghosn, does not appear appropriate,” ISS said in a Friday research note to investors. (Read More…)

Recent Comments

  • 96redse5sp: Nobody I know considers the N body to be higher quality than a Contour/Mystique..,
  • 96redse5sp: If you’re talking about style, I agree. The first generation contour was definitely European, but...
  • tankinbeans: Has there been a Cavalier/Escort/”whateve r Dodge fielded” comparo? That might be funny to...
  • SD 328I: You should watch his videos, none of this is a stunt.
  • SD 328I: He isn’t being dramatic, I’ve seen all his videos since this came out, it’s him and the...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber