Details about how the former Nissan chair ran the company show an Emperor-like approach to management, with few questions raised
Details about how the former Nissan-Renault chair ran the business show an Emperor-like approach to management, with few questions raisedYokohama — In September 2007, despite weighty responsibilities at the helm of Nissan and alliance partner Renault, Carlos Ghosn found time to get involved in a seemingly straightforward business decision.
The incident is part of Nissan’s wide-ranging probe into what it calls years of serious misconduct by Ghosn. There is no evidence of Ghosn benefiting from the decision but it is an example of conduct investigators believe helped his friends at Nissan’s expense, the two sources added. Ghosn would continue to back Hover even after Nissan dealers in India began protesting in 2012 to executives about a collapse in sales, according to the sources, who declined to be identified, citing the sensitivity of the subject.
At the same time, the sources acknowledge there was little resistance among the executive committee and other management to Ghosn’s support for Hover and one other dealership decision in the Middle East that had raised eyebrows within Nissan. An external committee is due to make recommendations this month on changing Nissan’s corporate governance including procedures for executive appointments and compensation.
Imazu’s concerns also followed a June 2017 Reuters report that Renault-Nissan alliance bankers had drawn up plans to pay millions of dollars in undisclosed bonuses to Ghosn and other managers through a separate Dutch unit, the source said. “Mr Ghosn is innocent of the charges brought against him and he will be vindicated,” the statement from Ghosn’s spokesperson said.
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