Friday , April 23 2021

Nissan Council meets to dismiss Carlos Ghosn for "serious improper conduct" – business live | The business

Carlos Ghosn: What the Newspapers Say

Newspapers and magazines are displayed for sale at a newsstand in Tokyo, Japan. "Src =" 300 & quality = 85 & auto = format & fit = max & s = 1e068610cf88d999f83778bcda0eaf70

Newspapers and magazines are displayed for sale at a newsstand in Tokyo, Japan. Photo: Takashi Aoyama / Getty Images

Japan is dominated by the fall of grace from one of its most successful and popular bosses (until this week anyway).

The Japan Times noted that Nissan's Hiroto Saikawa blamed Ghosn's alleged offense on a regime "in which all power at Nissan was concentrated in the hands of Ghosn for a long period."

The newspaper added:

"If that is the case, it is Nissan itself that has allowed these opaque modes of management in the company for almost 20 years, and the automaker will not escape the guilt for its poor governance, which could result in damage to the interests of its shareholders."

O Yomiuri Shimbun Nissan's prospects "have become even more uncertain" as a result of Ghosn's arrest. "Nissan should strive to improve its organization by means of how to repair its corporate governance so that it can hurry to restore confidence," he said.

O ASahi Shimbun described this week's events as "stunning" and urged Nissan to fully disclose the results of its in-house investigation of Ghosn and Greg Kelly.

"The company runs the risk of falling into dysfunction unless it does its best to disclose what it can to its shareholders and present measures to deal with the current crisis."

O Mainichi Shimbun said that the allegations against Ghosn, if proven true, amounted to "a serious act of betrayal" and "the distorted product of a long-term dictatorship." He added:

"The automaker must undergo a fundamental review of its management in an attempt to regain shareholder and market confidence."

The agenda: Nissan meeting to expel Ghosn today


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