Proxy companies advise shareholders against Nissan's Saikawa

World News: . []

Proxy companies advise shareholders against Nissan's SaikawaTwo investor research companies are advising Nissan shareholders to turn down a proposal to reappoint the automaker's chief executive, Hiroto Saikawa, as a board director, citing possible oversight problems at the Japanese automaker after the arrest of his predecessor Carlos Ghosn. A corporate governance advisory company, Institutional Shareholder Services Inc., made the recommendation in its report for the June 25 shareholder meeting of Nissan Motor Co. in Tokyo. It noted that Saikawa had worked closely with Ghosn for 14 years and may have signed off on Ghosn's compensation.


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