Following a three-month audit of Nissan’s governance after a scandal that shook the global auto industry, the committee put the blame squarely on what it called Ghosn’s concentration of power. “There are facts sufficient to suspect violations of laws and regulations, violation of internal rules and private use of company funds and expenses… by Mr. Ghosn,” the committee said in its report. It also singled out Nissan director Greg Kelly, who too has been indicted, for his alleged role in helping Ghosn avoid oversight. Nissan’s board currently comprises nine directors including the chairman, three of whom are categorized as outside, independent directors. Two directors, including one outside director, formerly served senior vice president roles at Renault.

Source: Egypt Independent March 27, 2019 13:07 UTC