Nissan dismisses chairman of the board of directors of the company, Carlos Ghosn, for "misconduct & # 39; – business live | The business



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Based on a whistleblower report, Nissan Motor Co., Ltd. (Nissan) has been conducting an internal investigation in recent months on misconduct involving the company's chief executive officer and President Carlos Ghosn and managing director Greg Kelly.

The investigation showed that for many years both Ghosn and Kelly reported compensation values ​​in the Tokyo Stock Exchange's securities report that were lower than the real value in order to reduce the reported amount of Carlos Ghosn's compensation.

In addition, regarding Ghosn, several other significant acts of misconduct have been discovered, such as the personal use of company assets, and Kelly's deep involvement has also been confirmed.

Nissan provided information to the Japan Public Prosecutor's Office and cooperated fully with the investigation. We will continue to do so.

As the misconduct discovered through our internal investigation constitutes clear violations of the duty to care as directors, Nissan Executive Director Hiroto Saikawa will propose to the Nissan Board of Directors the immediate removal of Ghosn from his positions as President and Representative Officer. Saikawa will also propose the removal of Greg Kelly from his position as Representative Director.

Nissan apologizes for causing great concern to our shareholders and shareholders. We will continue our work to identify our governance and compliance issues and take appropriate action.

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