- All proposed directors were elected
- Three other company resolutions passed with over 95 percent support each
YOKOHAMA, Japan – Nissan Motor Co., Ltd. shareholders today approved all management proposals confirming support for the company's strategy during the 116th Ordinary General Meeting of Shareholders. President and CEO Carlos Ghosn and CCO Hiroto Saikawa reviewed the company's performance during the past fiscal year and provided the outlook for the year ahead.
The 116th Ordinary General Meeting of Shareholders was held at the National Convention Hall of Yokohama.
The items approved by the shareholders included:
- The appropriation of retained earnings for the fiscal year
- The amendment to the articles of incorporation
- The election of nine directors due to expiration of terms of all directors
- The granting of Share Appreciation Rights to the directors
The business report was opened by Saikawa, who explained that Nissan delivered solid financial results and business achievements in fiscal year 2014. He detailed the growth in global sales volume that resulted in a new sales record and the performance in each key market.
Ghosn then provided shareholders the outlook for this fiscal year and outlined the plans for three focus areas:
- Delivering innovative, high-quality products and breakthrough technologies
- Raising customer awareness by enhancing visibility of products and brands
- Deepening Alliance synergies
The CEO also informed shareholders that the company projects an increase in the annual dividend by 27% to 42 yen per share, based on the outlook for fiscal year 2015 and expectations for continued profitability and solid free cash flow.
The meeting lasted one hour and 52 minutes. 1,700 shareholders attended the meeting.
About Nissan Motor Co.
Nissan Motor Co., Ltd., Japan's second-largest automotive company, is headquartered in Yokohama, Japan, and is part of the Renault-Nissan Alliance. Operating with more than 247,500 employees globally, Nissan sold 5.32 million vehicles and generated revenue of 11.38 trillion yen (USD 103.6 billion) in fiscal year 2014. Nissan delivers a comprehensive range of more than 60 models under the Nissan, Infiniti and Datsun brands. Nissan leads the world in zero-emission mobility, dominated by sales of the LEAF, the first mass-market, pure-electric vehicle. It is the best-selling EV in history with almost 50% share of the zero-emission vehicle segment.
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