Nissan Motor Co., Ltd. held its 125th Ordinary General Meeting of Shareholders today at the company’s global headquarters. The meeting, attended by 625 shareholders, lasted 1 hour and 47 minutes and saw the approval of several key proposals and the election of 12 directors.
Shareholders approved the company’s proposal to distribute surplus and elected 12 directors, including the re-election of 10 directors whose terms had expired and the addition of two new directors to strengthen the company’s governance structure.
During the meeting, 18 shareholders voiced their opinions and raised questions on several critical topics:
- Renault Group and Honda Motor Co., Ltd. Partnerships: Shareholders discussed the strategic alliances with Renault and Honda, seeking updates on the progress and benefits of these collaborations.
- Price Book-Value Ratio and Share Price Improvement Efforts: Concerns were raised regarding Nissan’s price book-value ratio and the efforts being made to enhance the company’s share price.
- Japan Product Strategy: Shareholders inquired about the company’s strategy for the Japanese market, emphasizing the need for innovative and competitive products.
- EV Demand Forecast: The demand forecast for electric vehicles (EVs) was a significant topic, with shareholders seeking insights into Nissan’s plans to meet growing EV demand.
- 2024 Sales Target: Questions were raised about the sales targets set for 2024 and the strategies in place to achieve these goals.
- Number of Directors: The decision to increase the number of directors was discussed, with shareholders interested in how this change would impact the company’s governance and decision-making processes.
The meeting highlighted Nissan’s commitment to enhancing its governance structure and addressing shareholder concerns while outlining the company’s strategic direction and goals for the future.
