Reported about 19 hours ago
Nissan Motor Co. is poised for intense scrutiny during its upcoming annual general meeting, where investors will vote on a proposal urging action on its subsidiary, Nissan Shatai. With shares down 36% and a reported net loss of $4.5 billion last year, CEO Ivan Espinosa has announced plans to cut 20,000 jobs and close seven plants. Amid calls for governance reforms, Strategic Capital, a key investor, is pushing for changes to Nissan's articles of incorporation to enhance transparency regarding its subsidiaries.
Source: YAHOO