Nikkei business daily reported that Nissan’s governance panel will recommend

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  • 17 Feb 2019 12:00 AM
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Nissan Panel to Recommend Outside Director to Chair Board: Nikkei

A Nissan Motor governance committee will recommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralize power at the top level, the Nikkei business daily reported. Under Nissan’s current corporate charter, the position of board chair is automatically appointed to head the company board, the Nikkei said citing a source. Former Chairman Carlos Ghosn had filled both roles prior to his arrest in November for under-reporting his salary for eight years. The issue of Nissan’s chairmanship is now particularly important after the Japanese firm identified the concentration of power in one executive as one of the reasons Ghosn was able to carry out his alleged fiscal misconduct. The Nikkei report comes after the governance committee said in a statement that the separation between operation and oversight was among topics discussed at the committee’s third meeting since it was formed in December after Ghosn’s arrest.

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