Nissan faces SEC probe over executive pay

phys.org | 1/28/2019 | Staff
jesse456 (Posted by) Level 3
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The US Securities and Exchange Commission is investigating Nissan over executive pay, the firm said Monday, the latest blow for the auto giant reeling from the arrest of former chairman Carlos Ghosn over alleged financial misconduct.

"I can confirm that we have received an inquiry from the SEC, and are cooperating fully," said Nissan spokesman Nicholas Maxfield.

Details - Bloomberg - News - Probe - Nissan

He declined to provide any further details. Bloomberg News reported the probe was focused on whether Nissan disclosed executive pay properly and had adequate controls to prevent improper payments.

News of the investigation comes as Nissan deals with the fallout from the shock November 19 arrest of its former chairman Carlos Ghosn, who remains in a Tokyo detention centre facing three charges of financial impropriety.

Charges - Pay - Course - Years

He faces two charges of under-stating his pay over the course of eight years, and a third related to...
(Excerpt) Read more at: phys.org
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