Impact of cheating scandal smashed Japanese Mitsubishi Motors was forced to new high

Posted on 12/15/2016 3:07:06 PM

Japan's Mitsubishi Motors Corporation (MITSUBISHI), which has been hit by the scandal-fueled data scandal, held a temporary shareholders' meeting to decide on a new management high-level meeting at the Makuhari Messe in Chiba City on the 14th of this month, the Japanese media reported. At the meeting, the adoption of Nissan President Carlos Ghosn, Mitsubishi Motors chairman and president Masako Yoshiko and other 11 elected members of the motion.
According to reports, Mitsubishi Motors in the general meeting of shareholders after the Board of Directors decided by Ghosn as chairman, Yoshiko retained the post of president. Nissan and French auto giant Renault's top leaders Ghosn will pick up the baton to revive the Mitsubishi Motors business.
Shareholders meeting, Yoshiko on fuel efficiency data irregularities, said an apology, "causing great distress and concern, sincere apology." He stressed that the future will be through cooperation with Nissan effect "so that profitability from the bottom of the rapid recovery."
Ghosn talks about his determination, saying: "We will help our enterprises realize the surplus and embark on the track of sustainable development, and we are confident of taking our successful experience to this day."
It is understood that Mitsubishi Motors announced in April the fuel efficiency data violations, in October to accept Nissan-funded and classified under its. New high-level personnel, the original two Mitsubishi Motors veteran directors to zero. In order to reform the enterprise system with many irregular operations, the Company will strengthen the supervision function through external talents.
Shareholders meeting also adopted the remuneration of directors and performance, stock linkage, the next year from the total salary cap raised to 3 billion yen per year (about 180 million yuan) motion. This amount is equivalent to about three times the original. Mitsubishi Motors will introduce with the performance to pay a good reward for the Nissan style of the system.
Shareholders of the General Assembly, one after another to raise the total pay ceiling questioned, "said the ability to achieve earnings is difficult to predict, to carry out (increase) adjustment is appropriate?" On the other hand, Yokohama, a shareholder attending the meeting, "Only Ghosn, who is global and able to achieve results, has a higher salary."

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