BREAKING: Nissan shareholders approve dismissal of Carlos Ghosn from board
The approval was shown by applause from the more than 4,000 people gathered at a Tokyo hotel for a three-hour extraordinary shareholders' meeting. Other votes had been submitted in advance.
Shareholders also approved the appointment of French alliance partner Renault SA's chairman Jean-Dominique Senard to replace Ghosn. Renault owns 43 per cent of Nissan. One shareholder said Nissan's entire management should resign immediately. Saikawa said he felt his responsibility lay in fixing the shoddy corporate governance at Nissan first, and continuing to lead its operations. Another shareholder asked if Nissan was prepared for a damage lawsuit from shareholders since its stock price has plunged.
Ghosn says he is innocent of all allegations and has suggested the accusations were made by some people at Nissan hoping to remove him from power. His detention on that allegation has been approved through April 14 but could be extended. The date of his trial has not been set.
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