September 5, 2019 / 1:58 AM / 17 days ago

Nissan CEO, others received excess compensation in violation of rules -source

TOKYO, Sept 5 (Reuters) - An internal probe at Nissan Motor Co has determined that Chief Executive Hiroto Saikawa and multiple other executives had received excess stock performance-related compensation in violation of company rules, a source said on Thursday.

The source, who has direct knowledge of the matter, said the misconduct was disclosed at a meeting of Nissan’s audit committee a day earlier. Nissan’s board is set to meet later this month and consider disciplinary action, the source said, declining to be identified because the information is not public. (Reporting by Maki Shiraki Writing by Chang-Ran Kim; Editing by David Dolan)

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