Nissan shareholders reject key outside director appointment

Outside directors at Nissan, which operates under a nomination committee structure, are primarily responsible for evaluating management and influencing compensation. Recent leadership changes, including the replacement of the CEO following a loss exceeding 670 billion yen, highlight the board's role in overseeing management transitions. Directors have noted their efforts to monitor management plans, challenge performance issues, and ensure appropriate structural reforms are implemented.

In preparation for the annual general meeting of shareholders, Nissan's Nomination Committee had selected candidates for its board. Among those proposed for re-appointment were Bernard Delmas, who was also nominated as lead independent outside director, and Motoo Nagai, who was proposed as the chair of the audit committee. Akiyoshi Koji was nominated as a new outside director and proposed to become board chair.