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Nissan Shareholders Dump Ghosn

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On Monsay, Nissan shareholders approved the ouster from its former Chairman Carlos Ghosn. Ghosn faces allegations of financial misconduct. Ahead of the vote, Nissan's top executive apologized to its shareholders for the scandal. The company asked shareholders to approve Ghosn's dismissal. Shareholders also approved the appointment of Renault SA's chairman Jean-Dominique Senard to replace Ghosn. Renault owns 43 percent of Nissan.

Added on the 08/04/2019 06:21:07 - Copyright : Wochit

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  • Nissan Shareholders Dump Ghosn

    Reuters reports that Nissan Motor Co shareholders have ousted Carlos Ghosn as a director on Monday. The move severs his last ties with the company he rescued from near-bankruptcy two decades ago. Ghosn has been arrested and jailed for suspicion of embezzlement of corporate funds and other financial misconduct. At a meeting, shareholders expressed bafflement and anger about growing allegations of financial misconduct against Ghosn. Nissan execs said they needed to focus on collaboration and improving governance at the Japanese company. But they offered few concrete details about the way forward. Ghosn has denied all the allegations against him and said he is the victim of a boardroom coup.

    08/04/2019 - Wochit
  • Nissan Shareholders Vote Carlos Ghosn Off Board

    According to Automotive News, Carlos Ghosn has been voted off the board at Nissan as an ordinary director, his last position at the car company. The disgraced auto executive was arrested again in Japan for financial crimes. Ghosn was initially arrested in Tokyo late last year. His alleged crimes include financial misconduct and diverting funds for his personal use.

    08/04/2019 - Wochit
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  • Nissan Shareholders Oust Ghosn

    Reuters reports Nissan Motor shareholders ousted Carlos Ghosn as a director on Monday, severing his last tie with the Japanese automaker he rescued from near-bankruptcy two decades ago and from which he is now accused of siphoning funds. Meeting shareholders for the first time since Ghosn’s initial arrest in November, Nissan Chief Executive Hiroto Saikawa and Jean-Dominique Senard, the chairman of its alliance partner Renault, said they needed to focus on collaboration and improving governance at the Japanese company. But they offered few concrete details about the way forward.

    08/04/2019 - Wochit
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