Latest Corporate governance News

Ghosn beefs up defense with lawyer famous for acquittals

Feb. 14, 2019 11:08 PM EST

TOKYO (AP) — Former Renault-Nissan chairman Carlos Ghosn has beefed up his defense team ahead of his trial in Japan by hiring Junichiro Hironaka, a star lawyer with a strong track record for winning rare acquittals in a country where the conviction rate is 99 percent. Another new attorney on his team,...

Lawyer famous for acquittals to defend Nissan ex-chair Ghosn

Feb. 13, 2019 5:58 AM EST

TOKYO (AP) — Junichiro Hironaka, a lawyer famous for winning extremely rare acquittals in Japan, has been tapped to defend Nissan's former chairman Carlos Ghosn as he battles charges of false financial reporting and breach of trust. The move, confirmed Wednesday by Ghosn and Hironaka's office, underscores...

Renault probes gift from Versailles chateau to ex-CEO Ghosn

Feb. 7, 2019 9:42 PM EST

PARIS (AP) — Carmaker Renault has alerted French authorities to a 50,000-euro gift from the chateau of Versailles to its former chairman and CEO Carlos Ghosn — reportedly linked to his lavish wedding at the royal estate. Renault said in a statement Thursday that a company investigation found that...

Japan's Nikkei: Ghosn says arrest due to plot within Nissan

Jan. 30, 2019 9:14 AM EST

TOKYO (AP) — Nissan's former chairman Carlos Ghosn, in his first interview since his arrest in November, blamed fellow executives opposed to forging closer ties with the automaker's French alliance partner Renault for scheming against him, the Japanese newspaper Nikkei reported Wednesday. The financial...

Mitsubishi board considers new allegations against Ghosn

Jan. 18, 2019 2:11 AM EST

TOKYO (AP) — Mitsubishi Motors held a board meeting Friday to examine the latest allegations of unreported compensation against Carlos Ghosn, who led Nissan for two decades and forged the alliance between the Japanese automakers. The allegations center around a 7.8 million euro ($8.8 million) payment made...

Tokyo court denies bail to Nissan's ex-chair Carlos Ghosn

Jan. 15, 2019 3:15 AM EST

TOKYO (AP) — The Tokyo District Court turned down a request by Nissan's former chairman Carlos Ghosn for release on bail Tuesday, prolonging his detention by weeks and possibly months. Ghosn, 64, who was arrested on Nov. 19, has been charged with falsifying financial reports in underreporting his...

Ex-Nissan chair Ghosn indicted for alleged breach of trust

Jan. 11, 2019 9:51 AM EST

TOKYO (AP) — Nissan's ex-chairman Carlos Ghosn was charged Friday with breach of trust, according to the Tokyo District Court, making the star executive's release unlikely for months to come. Ghosn, arrested Nov. 19, was earlier charged with falsifying financial reports in underreporting his income by...

Detained Nissan's ex-chair Ghosn recovers from fever

Jan. 10, 2019 11:06 PM EST

TOKYO (AP) — Nissan's former chairman Carlos Ghosn has recovered from a fever, his lawyer Motonari Ohtsuru said Friday as the 64-year-old executive's latest detention period was set to expire. His wife Carole Ghosn issued a statement overnight out of Paris, expressing concern over his sickness. "I am...

The Latest: Nissan's Ghosn tells Tokyo court he is innocent

Jan. 8, 2019 6:28 AM EST

TOKYO (AP) — The Latest on the appearance of former Nissan Motor Co. chairman Carlos Ghosn in Tokyo court (all times local): 8:30 p.m. The former chairman of Japan's Nissan Motor Co. has told a Tokyo court that he was "wrongfully accused" of false financial reporting and other allegations. In his first...

Nissan's ex-chair Ghosn appears in court, asserts innocence

Jan. 8, 2019 4:33 AM EST

TOKYO (AP) — The former chairman of Japan's Nissan Motor Co., Carlos Ghosn, denied any wrongdoing and proclaimed his loyalty to the company at a court hearing in Tokyo on Tuesday. It was Ghosn's first public appearance since he was arrested on Nov. 19 and charged with false financial reporting. "Your...