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Smarting from the controversy triggered by the arrest of Nissan Chairman , Carlos Ghosn, over false declaration of his compensation, the Japanese automaker has restated its commitment to its Alliance partnership with French carmaker, Renault.
At a meeting at the company’s global headquarters in Yokohama, last Thursday, to determine Ghosn’s fate, the Nissan Board of Directors acknowledged the significance of the matter and confirmed that the long-standing Alliance partnership with Renault remains unchanged.
The board also re-affirmed that the mission is to minimise the potential impact and confusion on the day-to-day cooperation among the Alliance partners.
Also, after reviewing a detailed report of the internal investigation concerning Ghosn and Greg Kelly, the Board voted unanimously:
- To discharge Carlos Ghosn as Chairman of the Board
- To discharge Carlos Ghosn as Representative Director
- To discharge Greg Kelly as Representative Director
- 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. The Board also agreed that further to the mandate, the three independent directors – Masakazu Toyoda, Keiko Ihara and Jean-Baptiste Duzan – will lead the matter. It also agreed to approve establishment of an advisory committee chaired by Masakazu Toyoda and including Keiko Ihara and Jean-Baptiste Duzan just as it stressed that the committee will propose nominations from the board of directors for the position of Chairman of the Board.
