OREANDA-NEWS. Nissan Motor Co., Ltd. shareholders today approved all management proposals confirming support for the company's strategy during the 116th Ordinary General Meeting of Shareholders. President and CEO Carlos Ghosn and CCO Hiroto Saikawa reviewed the company's performance during the past fiscal year and provided the outlook for the year ahead.

The 116th Ordinary General Meeting of Shareholders was held at the National Convention Hall of Yokohama.

The items approved by the shareholders included:

  • The appropriation of retained earnings for the fiscal year
  • The amendment to the articles of incorporation
  • The election of nine directors due to expiration of terms of all directors
  • The granting of Share Appreciation Rights to the directors

The business report was opened by Saikawa, who explained that Nissan delivered solid financial results and business achievements in fiscal year 2014. He detailed the growth in global sales volume that resulted in a new sales record and the performance in each key market.

 Ghosn then provided shareholders the outlook for this fiscal year and outlined the plans for three focus areas:

  • Delivering innovative, high-quality products and breakthrough technologies
  • Raising customer awareness by enhancing visibility of products and brands
  • Deepening Alliance synergies

The CEO also informed shareholders that the company projects an increase in the annual dividend by 27% to 42 yen per share, based on the outlook for fiscal year 2015 and expectations for continued profitability and solid free cash flow.

The meeting lasted one hour and 52 minutes. 1,700 shareholders attended the meeting.