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Irate Shareholders Force Nissan to Overhaul Board

MarketWatch

TOKYO-- Nissan Motor Co. shareholders voted to overhaul the company's board structure, a key goal of Chief Executive Hiroto Saikawa. Following a rowdy meeting where shareholders shouted at current board members, Nissan management and each other, the measure passed in large part due to the support of alliance partner Renault SA, which owns 43.4% of the Japanese company. Shareholders approved the creation of new board committees for executive compensation, audit matters and director nominations...

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