Latest Corporate governance News

Detention of Nissan's Ghosn extended through Dec. 20

Dec. 11, 2018 7:03 AM EST

TOKYO (AP) — A Tokyo court ruled Tuesday that Nissan Motor Co.'s former chairman, Carlos Ghosn, and another executive will remain in custody through Dec. 20, more than a month after their arrest. Their detention could continue for months more under the Japanese legal system. The Tokyo District Court said...

The Latest: PM Abe says Japan-French ties unshakable

Dec. 10, 2018 5:53 AM EST

TOKYO (AP) — The Latest on charges against former Nissan Motor Co. chairman Carlos Ghosn, who was arrested last month on suspicion of underreporting his income (all times local): 7 p.m. Japanese Prime Minister Shinzo Abe says Japan-French relations are unshakable despite concerns over the future of Nissan...

Ghosn's legal woes highlight governance failings in Japan

Dec. 3, 2018 3:08 AM EST

TOKYO (AP) — One of the biggest mysteries surrounding the arrest of Nissan's former chairman Carlos Ghosn is over how he allegedly could have underreported his income by millions of dollars for years and why the company is going after the suspected wrongdoing now. Ghosn, who headed the...

Ghosn's legal woes highlight governance failings in Japan

Dec. 3, 2018 2:52 AM EST

TOKYO (AP) — One of the biggest mysteries surrounding the arrest of Nissan's former chairman Carlos Ghosn is over how he allegedly could have underreported his income by millions of dollars for years and why the company is going after the suspected wrongdoing now. Ghosn, who headed the...

Japan court OKs extending custody of ex-Nissan chairman

Nov. 30, 2018 8:42 AM EST

TOKYO (AP) — A Japanese court on Friday approved a 10-day extension of the detention of former Nissan chairman Carlos Ghosn. The Tokyo District Court said it approved a request from prosecutors to keep Ghosn until Dec. 10 for a further investigation of his suspected financial irregularities. Ghosn, 64, was...

Ex-IMF chief on trial again, now over Spanish bank flotation

Nov. 26, 2018 4:06 AM EST

MADRID (AP) — Spain's National Court is beginning a massive trial over alleged fraud in the stock market listing of Bankia, a financial giant that was bailed out during the country's economic crisis. Former Ineternational Monetary Fund chief Rodrigo Rato, who was Bankia's chairman between 2010 and 2012, is...

White House deputy chief receiving millions from Fox

Nov. 23, 2018 4:59 PM EST

WEST PALM BEACH, Florida (AP) — White House Deputy Chief of Staff for Communications Bill Shine has received millions of dollars in severance from Fox News Channel's parent company and is owed millions more, a new financial disclosure report shows. The report released Friday shows that Shine received $8.4...

The Latest: Renault acting chief seeks to calm market nerves

Nov. 22, 2018 4:07 PM EST

TOKYO (AP) — The Latest on Japanese automaker Nissan Motor Co.'s chairman Carlos Ghosn and allegations of financial violations against him (all times local): 6 a.m. The acting chief of carmaker Renault is seeking to soothe markets, car buyers and his employees by promising continuity despite the arrest of...

Right-leaning nonprofit paid Whitaker more than $1.2 million

Nov. 21, 2018 9:28 PM EST

WASHINGTON (AP) — Before joining the Justice Department, acting Attorney General Matthew Whitaker earned more than $1.2 million from a right-leaning nonprofit that doesn't disclose its donors, according to the nonprofit's tax filings. Whitaker's earnings represented a sizable chunk of the charity's...

As Ghosn heads for Nissan exit, Renault merger hopes fade

Nov. 21, 2018 12:54 PM EST

TOKYO (AP) — The arrest of Nissan chairman Carlos Ghosn could extinguish any remaining hopes for a merger with key shareholder Renault, which the Japanese company's CEO has publicly opposed. Ghosn had this year said he was open to the idea of a merger between Nissan and Renault, where he is chief executive...