Latest Corporate governance News

Nissan proposing more board members, with Renault's Bollore

May. 17, 2019 4:39 AM EDT

TOKYO (AP) — Nissan proposed Friday adding Renault's chief executive, Thierry Bollore, to its board, as well as several outsiders, to strengthen its governance following the arrest of its former chairman, Carlos Ghosn. The Japanese automaker's proposals will be put to a shareholder vote at a meeting set...

Questions loom for Nissan with former chairman Ghosn gone

May. 13, 2019 12:32 AM EDT

TOKYO (AP) — Nissan is seeing sales and profits tumble, as its once revered former chairman, Carlos Ghosn, awaits trial on charges of financial misconduct. Nissan Motor Co. says it is beefing up corporate governance and sticking with its alliance with French partner Renault SA and smaller Japanese...

4 Tennessee pain clinics accused in fraud scheme have closed

May. 10, 2019 6:51 AM EDT

NASHVILLE, Tenn. (AP) — Four Tennessee pain management clinics have abruptly closed amid state and federal health insurance fraud investigations. The Tennessean reports the clinics formerly with PainMD and rebranded under the name Rinova officially closed Wednesday. Federal authorities last year accused...

Tesla wants to cut size of board from 11 directors to 7

Apr. 20, 2019 1:43 PM EDT

PALO ALTO, Calif. (AP) — Tesla plans to cut its board of directors from 11 to seven in a move the electric-car maker says will allow the board to act more nimbly and efficiently. Tesla says the four directors who will depart aren't leaving because of any disagreement with the company. The board has come...

Nissan shareholders OK ouster of ex-chair Ghosn from board

Apr. 8, 2019 6:32 AM EDT

TOKYO (AP) — Nissan's shareholders ousted the automaker's former chairman Carlos Ghosn from its board on Monday, seeking to shut the door on an era capped by scandal. More than 4,000 people gathered at a Tokyo hotel for a three-hour extraordinary shareholders' meeting and signaled their approval for...

Ghosn plans April 11 news conference, vows to tell the truth

Apr. 3, 2019 7:08 AM EDT

TOKYO (AP) — Former Nissan Chairman Carlos Ghosn, facing financial misconduct charges in Japan, says he will hold a news conference on April 11. Ghosn said Wednesday on his new verified Twitter account that "I'm getting ready to tell the truth about what's happening." Ghosn was arrested in November and has...

Nissan's governance committee says Ghosn had too much power

Mar. 27, 2019 9:07 AM EDT

YOKOHAMA, Japan (AP) — A Nissan committee set up to strengthen corporate governance after the arrest of former Chairman Carlos Ghosn said Wednesday an investigation found he had wielded too much power and recommended the scandal-hit Japanese automaker add more independent outside directors to its board and...