CEO of Nissan, others received excess compensation in violation of rules: source



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FILE PHOTO: Nissan CEO Hiroto Saikawa attends press conference to unveil first quarter results at company headquarters in Yokohama, Japan on July 25, 2019. REUTERS / Issei Kato / File Photo

TOKYO (Reuters) – An internal Nissan Motor Co investigation has revealed that chief executive Hiroto Saikawa and several other executives had received stock-related excess compensation, in violation of company rules, said on Thursday. a source.

The source, who has first-hand knowledge of the case, said the blame was revealed at a meeting of Nissan's audit committee the day before. The Nissan board is due to meet later this month and consider disciplinary action, the source said, refusing to be identified as the information is not public.

Report by Maki Shiraki; Written by Chang-Ran Kim; Edited by David Dolan

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