Proxy company advises shareholders against Saikawa at Nissan


TOKYO (AP) — An investor research company is advising Nissan shareholders to vote towards the proposal to reappoint Chief Government Hiroto Saikawa as board director, saying the Japanese automaker wants a “break from the previous”…

TOKYO (AP) — An investor analysis firm is advising Nissan shareholders to vote towards the proposal to reappoint Chief Government Hiroto Saikawa as board director, saying the Japanese automaker wants a “break from the previous” after the arrest of his predecessor Carlos Ghosn.

Institutional Shareholder Providers made the recommendation in its report for the June 25 shareholder assembly of Nissan Motor Co. in Tokyo.

The report by the worldwide firm that gives proxy analysis and voting recommendation was revealed Monday and seen by media Wednesday.

Ghosn has been charged with falsifying monetary documents on retirement compensation and with breach of trust in diverting Nissan money for personal achieve. He says he is harmless.

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