Saikawa apologised and vowed to return any improperly paid funds as he admitted to Japanese reporters on Sept 5 that he had wrongly received stock-related compensation under “a scheme of the Ghosn era”. “I am deeply sorry for causing concern,” Saikawa said, according to Jiji Press.
SINGAPORE (Sept 9): Nissan Motor Co was embroiled in another scandal over executive pay on Sept 5 after CEO Hiroto Saikawa admitted to being overpaid under a scheme designed by ousted chairman Carlos Ghosn in violation of internal procedures.
An internal investigation found that Saikawa and other executives had received improper compensation, a source with knowledge of the matter told Reuters, raising doubts about Saikawa’s pledge to improve governance in the wake of Ghosn’s arrest last year for alleged financial misconduct.
