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Nissan seen scrapping advisory posts for ex-executives

15 Jan 2020
Entrance of Nissan Global Headquarters Gallery, Yokohama, Japan, April. 06, 2019. (Shutterstock)
Entrance of Nissan Global Headquarters Gallery, Yokohama, Japan, April. 06, 2019. (Shutterstock)
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Updated 15 Jan 2020
15 Jan 2020

Nissan Motor Co. is considering scrapping advisory posts for former executives as part of its corporate governance reform following the ousting of former Chairman Carlos Ghosn, informed sources said Wednesday.

The possible abolition of the “komon” adviser and “sodanyaku” consultant posts is aimed at making the company’s decision-making process transparent by preventing former executives from having influence on management.

With Nissan due to report to the Tokyo Stock Exchange as early as this month including on measures to prevent irregularities, the scrapping of the advisory posts is expected to be in the report.

While the automaker does not disclose the number of people in the advisory posts or other details, those currently in the posts include former Cochairman Itaru Koeda and former Executive Vice President Hitoshi Kawaguchi.

If the advisory posts are scrapped, members of Nissan’s former leadership team, including former President and Chief Executive Officer Hiroto Saikawa, will not be allowed to remain in the company. Saikawa will resign from the automaker’s board at an extraordinary meeting of shareholders in February.

Nissan is accelerating governance reform after it shifted last June to a corporate regime that gives stronger authority to outside directors.

Meanwhile, the company is working promptly to rehabilitate its management under new President and CEO Makoto Uchida, who took the positions in December.

JIJI Press

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