Governance row at Nissan over plans to appoint a new Chair

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Nissan is allegedly considering Sadayuki Sakakibara to replace Carlos Ghosn as Chairman of the board. Sakakibara, Head of Japan Business Federation (Keidanren), opposed the revision of the corporate governance code that would have required boards to reach a higher level of independence and gender diversity. In yet another step back, Nissan’s chief executive Saikawa, is likely to continue serving on this role despite the charges that the company received for falsifying Ghosn’s pay in their financial statements.

The Financial Times, Leo Lewis and Kana Inagaki, March 19th 2019