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The SEC is due to review Nissan for compensation from US executives



  Pedestrians gather in front of a monitor with a picture of former Nissan Motor Co. chairman Carlos Ghosn in a news broadcast on December 10, 2018 in Tokyo, Japan.

Tomohiro Ohsumi | Getty Images News | Getty Images

Pedestrians walk in front of a monitor showing a picture of former Nissan Motor Co. chairman Carlos Ghosn in a news broadcast on December 10, 2018 in Tokyo, Japan.

Nissan Motor said it was co-pending a report by the US Securities and Exchange Commission (SEC) after a report said the regulator was investigating Japanese carmaker disclosure about executive compensation.

of financial misconduct. The prosecution has Nissan together with Ghosn charged with taking into account his purchases.

Ghosn denied the charges.

Bloomberg reported that the SEC is investigating whether the company maintains adequate controls to prevent improper payments.

A Nissan spokesman confirmed that the automaker had received a request from the US regulator without giving any further details.

The SEC was not immediately available to comment on the matter.

Nissan shares fell 1.0 percent to 919 Japanese yen in afternoon trade compared to a decline of 0.4 percent in the Nikkei average.


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