Mitsubishi Motors shareholders approve Ghosn exit


TOKYO – The shareholders of Mitsubishi Motors Corp. approved the departure of Carlos Ghosn, who was instrumental in the Japanese automaker's three-way partnership with Nissan and Renault until he was arrested on charges of financial misconduct last year.

The vote took place at a two-hour general shareholders' meeting at a Tokyo hotel on Friday. Some votes were sent in advance.

Nissan Motor Co. owns 34% of Mitsubishi Motors.

Osamu Masuko, who was renamed president, vowed to strengthen governance and transparency and monitor irregularities.

Nissan shareholders held an extraordinary shareholders' meeting in April to oust Ghosn as chairman.

It is holding a general shareholders' meeting next week to approve governance measures. French automaker Renault SA owns 43% of Nissan.

Ghosn, accused of falsifying financial documents and breach of trust, says he is innocent.

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