In Ghosn probe, Nissan reveals more managers were involved in malpractice
Nissan Motor Co. has revealed more details of an exhaustive probe into Carlos Ghosn, a week after its fugitive former leader accused the Japanese carmaker of being behind the plot to have him arrested. The report on the investigation, submitted to the Tokyo Stock Exchange ...
Nissan considers scrapping advisory roles for former executives
Nissan Motor Co. may stop placing former executives in advisory posts as part of an overhaul to its corporate governance practices following the ousting of former Chairman Carlos Ghosn, sources said Wednesday. The possible abolition of the komon adviser and sōdanyaku consultant posts is aimed ...
Japanese firms set to outspend Chinese rivals in Asia amid favorable landscape
Japanese firms outspent their Chinese rivals for the second year in a row to be the biggest deal-making force in Asia in 2019, aided by favorable financing and reduced competition in the face of U.S.-China tensions. Over $200 billion of domestic and foreign deals shook ...
Japan's Hoya to launch $1.4 billion counterbid for Toshiba unit NuFlare
Hoya Corp. said Friday it would make a $1.4 billion counterbid for NuFlare Technology Inc. in what could become a hostile offer for the Toshiba Corp. unit the electronics conglomerate plans to buy out. Hoya's interest in the manufacturer of chipmaking equipment further complicates a ...
Toshiba's board discusses taking full control of some listed subsidiaries
Major machinery and electronics maker Toshiba Corp. is considering taking full control of some of its four listed subsidiaries, it has been learned. With Toshiba's board already discussing the matter, the company may reach a conclusion within this week at the earliest, informed sources said. The ...
SoftBank to tighten governance standards for firms it invests in: report
Following related issues at WeWork, SoftBank Group Corp. will introduce new standards to tighten corporate governance at companies in which it invests, the Financial Times reported Monday. SoftBank is expected to outline the new standards Wednesday, the British newspaper said, citing people briefed on the ...
Hiroto Saikawa's departure only adds to Nissan's uncertainty
Nissan Motor Co. has announced that CEO Hiroto Saikawa will step down next Monday, which will likely add another layer of dark clouds over the viability of the Yokohama-based automaker already mired in low profits, waning trust in corporate governance and a shaky alliance ...
Nissan CEO Hiroto Saikawa signed off on Carlos Ghosn's retirement deal, panel says
Nissan Motor Co. Chief Executive Officer Hiroto Saikawa signed off on Carlos Ghosn's retirement package, an outside corporate-governance panel said, which could intensify scrutiny of his role in alleged financial improprieties by the former chairman of Nissan and Renault SA. Tokyo prosecutors have accused Nissan, ...
Corporate governance is improving, but not by enough
Poorly run companies are under international and domestic pressure to adopt global standards of capitalism.
Two months after the arrest of its chairman stunned Nissan Motor Co. and the entire global automotive industry, the carmaker is weighing abolishing the role altogether as it steps up reforms to rebuild its governance. Carlos Ghosn's downfall — the auto titan is accused of ...
Nissan Motor Co.'s board, whose lapses in oversight were revealed by the arrest of former Chairman Carlos Ghosn for alleged financial improprieties, has taken on expanded powers. The board widened the scope of decisions that require its approval and decided on an interim process to ...
How could Carlos Ghosn possibly have hidden billions of yen from Nissan?
How could one of the world's most visible employees go about hiding billions of yen worth of salary and benefits paid to him by one of the world's biggest companies, without the company knowing it? Two weeks after Tokyo prosecutors arrested Carlos Ghosn for allegedly ...
