Daily Management Review

Nissan Board Fails To Select Ghosn Successor: Media Reports


12/05/2018




Nissan Board Fails To Select Ghosn Successor: Media Reports
The successor of the beleaguered former chairman of Japanese automaker Nissan - Carlos Ghosn, is yet to be finalised by the car maker following the arrest of Ghosn on November 19 on charges of financial misappropriation under the Japanese law.
 
While the independent board members of the company got together earlier in the week, they could not come at a consensus about the successor of Ghosn, according to a news report in the Japanese news agency Kyodo News.
 
The report however did not provide any source of the news that the decision had been help or postponed by three of the nine members of the board of Nissan about replacing Ghosn. 
The Japanese news agency did not cite its sources in reporting that the three members of the nine-member board had put off a decision on Ghosn's replacement.
 
On the other hand, according to a report in Bloomberg, the suggestions by Renault of replacing Ghosn with an external candidate, was rejected by Nissan.
 
The task of selection of the next chairman of the company was entrusted by Nissan at the hands of race car driver Keiko Ihara and the former trade, retired Renault executive Jean-Baptiste Duzan and industry bureaucrat Masakazu Toyoda. The three member team is to present the Nissan board with their list at the next meeting of the board to be held on December 17.
 
Some analysts believe that the direction of the relationship between Nissan and its partner Renault would get reflected by the decision of the Japanese car maker about its choice of replacement of Ghosn who was an outsider for the company.
 
Some analysts see that the possible successors of Ghosn belong to two different ends of a spectrum. One of the possibilities if Nissan CEO Hiroto Saikawa who has played a very important role in the investigation into Ghosn’s financial reporting while the other can be Toshiyuki Shiga who is a former Ghosn confidante, according to media reports.
 
Reports have also stated that the choice of the independent directors is an existing board member to replace Ghosn.
 
Following the arrest of Ghosn, there have been some speculations about the future of the world's biggest car alliance between Nissan, Renault and Mitsubishi Motors and the decision that Nissan takes is expected to have an impact on the relationship between the three partners of the alliance.
 
Nissan has been pushing to forge a more equitable partnership with Renault in the partnership following the arrest of Ghosn and it is believed that is Saikawa is selected to the post of chairman it would solidify his position and power at Nissan. Reports have suggested that the odds are tilted towards Saikawa becoming the chairman even as he has turned out become one of the severest critics of Ghosn for his alleged wrongdoing despite he being a one-time protege of Ghosn. On the other hand, the selection of Shiga would likely result in more collective management of Nissan.
 
 (Source:www.europe.autonews.com)






Science & Technology

Walmart to hire 4 thousand robot cleaners

Samsung Galaxy Fold: Expensive but fragile

USA and South Korea launch the first commercial 5G networks

Deliveries of AR/VR devices to grow by 54% in 2019

Anti-Stall System Got Activated Before Crash In The Ethiopian 737 MAX Craft: Reuters

Google’s Global Council To Advocate On AI Ethics

US wants to send astronauts to the moon by 2024

Apple shows new entertainment services

Large U.S. Study Finds Detection Of Irregular Heart Beat By Apple Watch

Apple to present Netflix competitor at the end of March

World Politics

World & Politics

Foxconn Head Gou Could Run For Taiwan President Election Next January

France opposes EU-US trade negotiations

United States and China to implement trade agreement

Norway's largest party to ban oil production near Lofoten Islands

Estonia's euroskeptics are about to join the government

Eastern Europe wins in double food standards fight

White House Received New Sanctions’ Package For Russia: Bloomberg

EU will stop saving migrants in the Mediterranean