It is official now. Nissan’s legendary Chairman Carlos
Ghosn has been shown the door by the management of Nissan Motor Company in
Japan. The decision to discharge Ghosn of his post as Chairman of Nissan was
taken by the board of directors of Nissan Motor Co., Ltd. which met on November
22, 2018 at the company’s global headquarters in Yokohama.
At the beginning of the session, the board acknowledged
the significance of the matter and confirmed that the long-standing Alliance
partnership with Renault remains unchanged and that the mission is to minimise
the potential impact and confusion on the day-to-day cooperation among the
Alliance partners. The Alliance consists of Renault, Nissan and Mitsubishi. All
three companies have crossholdings in each other.
According to a press release, after reviewing a detailed
report of the internal investigation, the board voted unanimously:
1. To discharge Carlos Ghosn as Chairman of the Board
2. To discharge Carlos Ghosn as Representative Director
3. To discharge Greg Kelly as Representative Director
4. To study the creation of a special committee to
appropriately take advice from an independent third party regarding the
governance management system and better governance of director compensation.
Further to the mandate, the three independent directors – Masakazu Toyoda,
Keiko Ihara and Jean-Baptiste Duzan – will lead this matter.
5. To approve establishment of an advisory committee
chaired by Masakazu Toyoda and including Keiko Ihara and Jean-Baptiste Duzan.
The committee will propose nominations from the board of directors for the
position of Chairman of the Board.
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