YOKOHAMA, Japan – Nissan Motor Co., Ltd. held its 126th Ordinary General Meeting of Shareholders today at the company’s global headquarters here. The meeting was attended by 1,071 shareholders and ran 3 hours and 6 minutes.
At the meeting, shareholders approved the company’s proposal to amend the company’s Articles of Incorporation and elect twelve directors due to the expiration of term of all directors.
Shareholders did not approve the other proposals submitted by a shareholder.
16 shareholders spoke, with the main topics listed below:
- The new CEO’s strong commitment to restoring business performance
- Partnerships and supplier collaboration
- New business development
- Governance enhancement
- Product and sales strategy in Japan and the U.S.
- Talent strategy including new hiring
- Corporate sports activities
- Executive retirement compensation
- Responsibilities of outside directors
On June 25, we reported the resolutions decided at this shareholders' meeting in the extraordinary report.
| Item for resolution | Approval (Units) |
Disapproval (Units) |
Abstain (Units) |
Requirement for approval |
Resolution result and approval rate (%) |
|
| Item 1 Amendments to the Articles of Incorporation |
23,568,291 | 2,617,648 | 315 | Note #1 | Approved | 89.80 |
| Item 2 Election of 12 Directors |
Note #2 | |||||
| Yasushi Kimura | 23,916,919 | 2,272,474 | 449 | Approved | 91.12 | |
| Bernard Delmas | 24,328,262 | 1,861,134 | 449 | Approved | 92.68 | |
| Keiko Ihara | 24,252,874 | 1,936,520 | 449 | Approved | 92.40 | |
| Motoo Nagai | 24,024,954 | 2,164,436 | 449 | Approved | 91.53 | |
| Andrew House | 24,268,913 | 1,920,481 | 449 | Approved | 92.46 | |
| Brenda Harvey | 24,818,296 | 1,370,907 | 643 | Approved | 94.55 | |
| Teruo Asada | 23,385,490 | 2,803,904 | 449 | Approved | 89.10 | |
| Mariko Tokuno | 24,916,014 | 1,273,382 | 449 | Approved | 94.93 | |
| Valerie Landon | 25,285,992 | 903,399 | 449 | Approved | 96.34 | |
| Timothy Ryan | 25,472,183 | 717,212 | 449 | Approved | 97.05 | |
| Ivan Espinosa | 25,468,157 | 721,044 | 643 | Approved | 97.03 | |
| Eiichi Akashi | 25,536,203 | 653,195 | 449 | Approved | 97.29 | |
Notes:
#1. Two third or more of the approval votes of the shareholders who are entitled to exercise their voting rights and present at the meeting where the shareholders holding a majority of the total voting rights of the shareholders who are entitled to exercise their voting rights are present.
#2. A majority of the approval votes of the shareholders who are entitled to exercise their voting rights and present at the meeting where the shareholders holding one third or more of the total voting rights of the shareholders who are entitled to exercise their voting rights are present.
| Item for resolution | Approval (Units) |
Disapproval (Units) |
Abstain (Units) |
Requirement for approval |
Resolution result and approval rate (%) |
|
| Item 3: Partial revision of the provision of articles (Establishment of a new provision for consideration of the treatment of listed affiliates) |
2,197,243 | 17,057,968 | 6,935,850 | Note #1 | Rejected | 8.37 |
| Item 4: Partial revision of the provision of articles (Establishment of a new provision regarding determining a policy for dealing with listed affiliates that may be delisted) |
1,953,889 | 17,301,544 | 6,935,823 | Rejected | 7.44 | |
| Item 5: Amendments to the Articles of Incorporation (Establishment of a “Zesei-yaku” to ensure proper shareholder meetings) |
1,292,978 | 17,962,072 | 6,936,132 | Rejected | 4.93 | |
| Item 6: Amendments to the Articles of Incorporation regarding the Director Compensation |
1,559,842 | 17,695,053 | 6,935,783 | Rejected | 5.94 | |
| Item 7: Regarding the implementation of year-end dividends |
1,430,231 | 17,825,197 | 6,935,782 | Note #2 | Rejected | 5.45 |
Notes:
#1. Two third or more of the approval votes of the shareholders who are entitled to exercise their voting rights and present at the meeting where the shareholders holding a majority of the total voting rights of the shareholders who are entitled to exercise their voting rights are present.
#2. By a majority of the voting rights of the shareholders present.
Related materials:
Notice of Convocation of 126th Ordinary General Meeting of Shareholders
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