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Business trends

Do Japanese companies need posts for retired CEOs? Nissan says no

Companies must clarify the management roles for better transparency

Hiroto Saikawa resigned as Nissan Motor's CEO in September following a pay scandal but remains a company director (Nikkei Montage). 

TOKYO -- Nissan Motor filed a report Thursday with the Tokyo Stock Exchange noting that the carmaker had decided to abolish senior adviser posts, a move which questions the controversial role of such posts in Japanese companies.

While senior advisers -- positions known as sodanyaku and komon, which are often given to those who worked as a company's chief executive or other high-profile roles -- are expected to share their abundant experience with the younger generation of management, the system has been abused at some companies, with advisers improperly interfering with decision-making processes.

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