Nissan Board Due to Question Saikawa on 2013 House Purchase
- Former executive Kelly made allegations about property deal
- CEO is under pressure as relations with Renault deteriorate
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Nissan Motor Co. Chief Executive Officer Hiroto Saikawa is due to be questioned by the board on Monday about allegations by a former senior executive that he broke company rules to pay for a house in Tokyo, according to people familiar with the matter.
Saikawa will be asked at the extraordinary meeting whether date restrictions on selling compensation-linked stock were altered in 2013, earning him a higher profit and facilitating payments for the property, said the people, who asked not to be named because the details aren’t public. The executive will also be questioned about whether he asked the Japanese carmaker to buy the house, and be repaid later in installments, they said.