Mitsubishi Motors Corp. shareholders approved on Friday the ouster of Carlos Ghosn, who was pivotal in the Japanese automaker's three-way partnership with Nissan and Renault until he was arrested on financial misconduct charges last year.
The vote took place in a 2-hour general meeting of shareholders at a Tokyo hotel, with approval shown in clapping from some 500 shareholders present, although some votes were submitted in advance. Nissan Motor Co. owns 34 percent of Mitsubishi Motors.
Osamu Masuko, who was reappointed chairman, promised to strengthen governance and transparency and monitor wrongdoing. More outsiders will check executive appointments and compensation, he said.
Nissan shareholders held an extraordinary shareholders' meeting in April to oust Ghosn as chairman.
They also approved the appointment of French alliance partner Renault SA's Chairman Jean-Dominique Senard to replace Ghosn. Renault owns 43 percent of Nissan.
Nissan, based in the port city of Yokohama, is holding a general shareholders' meeting next week to approve other measures, including setting up committees to strengthen governance.
Nissan said late Thursday two Renault executives will be on the committees.
Renault had earlier said it will abstain in that vote, and the greater representation promised on the committees may gain Renault's approval.
