Ghosn ethics may be dubious: committee

The co-chair of a committee set up by Japanese automaker Nissan Motor Co. to examine the root cause of alleged financial misconduct by ousted chairman Carlos Ghosn said he believed the embattle executive may have had questionable ethical standards.

All seven members attended the first meeting in Tokyo, including Jean-Baptiste Duzan, an external director based in France.

For four hours, they discussed issues with two people involved with Nissan including how power had been concentrated with Ghosn for years, Nishioka said, and ways to avoid such focus in the future.

Nissan and partner Mitsubishi Motors, in which Nissan owns a controlling 34-percent stake, have been conducting their own internal investigations into alleged wrongdoing by Ghosn.

Renault, which dominates the partnership through its 43.4-percent stake in Nissan, is expected to meet soon to consider potential candidates to replace Ghosn as CEO and chairman, sources have told Reuters.

…

Article source: http://www.dailystar.com.lb//Business/International/2019/Jan-21/474549-ghosn-ethics-may-be-dubious-committee.ashx