Crisis-hit Nissan shakes up board, keeps boss

Arab News | May 17, 2019 at 6:44 AM
  • Japanese car giant Nissan shook up its executive board Friday.
  • The firm will propose to shareholders a new board structure with 11 members, six of whom will be external, as Nissan attempts to improve corporate governance in the wake of former chairman Ghosn’s arrest for alleged financial misconduct.
  • Ghosn was the driving force between bringing the firms together and has since alleged that Nissan launched an investigation into him over fears he was hoping to merge the Japanese and French companies.