The US Securities and Exchange Commission is investigating Nissan over executive pay, the firm said Monday, the latest blow for the auto giant reeling from the arrest of former chairman Carlos Ghosn over alleged financial misconduct. “I can confirm that we have received an inquiry from the SEC, and are cooperating fully,” said Nissan spokesman Nicholas Maxfield. Bloomberg News reported the probe was focused on whether Nissan disclosed executive pay properly and had adequate controls to prevent improper payments. Nissan, which said it began investigating Ghosn after a whistleblower report, also faces charges over the alleged under-reporting of compensation. Ghosn has denied any wrongdoing, but Nissan moved quickly after his arrest to remove him as chairman.

Source: Egypt Independent January 28, 2019 11:59 UTC