Instituto Técnico Superior Comunitario

Settlement And Release Agreement Sec

By octubre 7, 2021 No Comments

As part of the deal, Nissan has agreed to pay a $15 million fine to the SEC. YOKOHAMA, Japan – Nissan Motor Co., Ltd. (Nissan) has entered into a settlement agreement with the United States Securities and Exchange Commission (SEC) regarding materially erroneous information about directors` compensation in previous annual reports on Nissan`s securities. The SEC has approved the deal and it`s final. According to the SEC`s settlement order, the commission of the fraudulent behavior of former chairman and deputy director Carlos Ghosn, with considerable support from former deputy director Greg Kelly, serves as the basis for Nissan`s liability. As stated in the order, Nissan granted significant cooperation to the SEC and immediately took corrective action to prevent the recurrence, including moving to a new governance structure with three legal committees (audit, compensation and appointment). For security reasons and to ensure that the public service remains available to users, this national computer system uses network traffic monitoring programs to identify unauthorized testing, upload or modify information or cause other damage, including attempts to deny service to users. Nissan is firmly committed to maintaining strong corporate governance. For more information, see the SEC`s privacy and security policy. Thank you for your interest in the U.S. Securities and Exchange Commission.