In Rare Move, Watchdog Urges Shareholders to Oust Two Japan CEOs
- Nomura and Nissan have been in headlines over recent scandals
- ISS urges shareholders to vote against the chiefs this month
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It’s not often that the chief executive officers of two major Japanese companies get targeted by a corporate governance watchdog for lax oversight.
Yet that’s what happened when Institutional Shareholder Services advised investors of Nissan Motor Co. and Nomura Holdings Inc. to vote against the reappointment of their CEOs.