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Nissan said to look outside for a new board chairman

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A Nissan Motor governance committee will recommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralize power at the top level, the Nikkei business daily reported on Sunday.

Under Nissan’s current corporate charter, the position of board chair is automatically appointed to head the company board, the Nikkei said citing a source. Former chairman Carlos Ghosn had filled both roles prior to his arrest in November for under-reporting his salary for eight years, Bloomberg said.

The issue of Nissan’s chairmanship is now particularly important after the Japanese firm identified the concentration of power in one executive as one of the reasons Mr. Ghosn was able to carry out his alleged fiscal misconduct.

The Nikkei report came as…Read More

 

Source: https://www.thenational.ae/business/economy/nissan-said-to-look-outside-for-a-new-board-chairman-1.826935

Image Credit: The National

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