Nissan shareholders have rejected the reappointment of Motoo Nagai, an influential outside director who was behind a push to merge the Japanese carmaker with rival Honda.
The company said on Tuesday that Nagai had not gained the 50 per cent approval required for his reappointment, while 11 other board directors had been voted through.
Renault, which holds a 15 per cent voting stake in the Japanese group, abstained from voting for Nagai and another nominee, Junichi Shinbo, because of their links to Mizuho, Nissan’s largest creditor, according to a person familiar with the company’s thinking.
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