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Nissan board must do soul-searching, Ghosn not the only culprit: Activist

Nissan Chief Executive Hiroto Saikawa said after Ghosn's arrest that the company would need to 'look back on what happened seriously

Reuters  |  Hong Kong 

A leading corporate governance advocate said the board of Japanese carmaker Nissan must accept collective responsibility over alleged disclosure failings that led to the ousting of chairman Carlos Ghosn. The remarks by Jamie Allen, secretary-general of the Asian Corporate Governance Association (ACGA), come as a biennial survey by the ACGA and CLSA, an Asia-focused brokerage, showed Japan sliding three places to seventh in a regional ranking of governance standards - the worst decline in performance of any country. "If the chairman has been shown to be fraudulently ...

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First Published: Wed, December 05 2018. 11:56 IST