An external committee tasked with recommending ways to improve governance at Nis...
YOKOHAMA, Japan - An external committee tasked with recommending ways to improve governance at Nissan Motor Co said on Wednesday there were sufficient facts to suspect violations of laws and the private use of company funds by ousted chairman Carlos Ghosn.
The group issued 38 recommendations to bolster Nissan’s governance, which also included that the majority of directors, including the chairman of the board, be independent, outside directors and that the role of company chairman be abolished. “It is clear that there are issues requiring improvement with respect to Nissan’s governance as it could not prevent the misconduct.”
The plans signal a return to the strategies supported by Ghosn, who held talks about merging Renault with Fiat Chrysler two to three years ago, the Financial Times, which cited sources familiar with the matter, adding the French government had opposed the move.
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Nissan panel says facts point to legal violations by ousted chairman GhosnAn external committee reviewing governance at Nissan Motor Co said on Wednesday ...
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