Nissan Motor Co., Ltd. held its 119th Ordinary General Meeting of Shareholders today at the National Convention Hall of Yokohama. The meeting was attended by 4,188 shareholders and ran for one hour and 53 minutes.
At the meeting, shareholders approved all the resolutions:
- Appropriation of retained earnings for the 119th fiscal year
- Election of two directors
- Election of three statutory auditors
The second resolution, the appointment of two additional independent directors, is part of Nissan’s initiatives to further strengthen corporate governance. The appointment brings the number of independent directors on the Nissan board of directors to one-third of the total (nine).
As disclosed previously, Nissan has proposed a dividend payment of 53 yen per share for fiscal year 2017 and plans a payment of 57 yen per share in fiscal 2018.
Related materials: Notice of Convocation of 119th Ordinary General Meeting of Shareholders
About Nissan Motor Co., Ltd.
Nissan is a global full-line vehicle manufacturer that sells more than 60 models under the Nissan, INFINITI and Datsun brands. In fiscal year 2017, the company sold 5.77 million vehicles globally, generating revenue of 11.9 trillion yen. On April 1, 2017, the company embarked on Nissan M.O.V.E. to 2022, a six-year plan targeting a 30% increase in annualized revenues to 16.5 trillion yen by the end of fiscal 2022, along with cumulative free cash flow of 2.5 trillion yen. As part ofNissan M.O.V.E. to 2022, the company plans to extend its leadership in electric vehicles, symbolized by the world’s best-selling all-electric vehicle in history, the Nissan LEAF. Nissan’s global headquarters in Yokohama, Japan, manages operations in six regions: Asia & Oceania; Africa, the Middle East & India; China; Europe; Latin America; and North America. Nissan has partnered with French manufacturer Renault since 1999 and acquired a 34% stake in Mitsubishi Motors in 2016. Renault-Nissan-Mitsubishi is today the world’s largest automotive partnership, with combined sales of more than 10.6 million vehicles in calendar year 2017.
