Nissan's Ghosn removed from board


Nissan shareholders were meeting Monday for a vote expected to eject Carlos Ghosn from the board, as the detained former chairman fights multiple financial misconduct charges that have landed him in custody.

Nissan sacked Ghosn as chairman nearly immediately after his initial arrest but an extraordinary meeting of shareholders is required to remove him from the board.

Days after Ghosn's latest arrest in Tokyo, shareholders gathered for an extraordinary meeting, expressing bafflement and disquiet about growing allegations of financial misconduct laid out before them - while seeking more clarity on how Nissan plans to recover from the scandal.

Saikawa and other Nissan Motor Co. executives bowed deeply at a Tokyo hotel Monday, where the extraordinary shareholders' meeting was being held.

Shareholders also approved the appointment of French partner Renault SA's chairman Jean-Dominique Senard to replace Ghosn.

Nissan's board dismissed Ghosn, 65, in November 2018 as chairman and representative director after he was arrested on suspicion of violating the Financial Instruments and Exchange Act by underreporting his income.

"I deeply, deeply apologize for all the worries and troubles we have caused", Saikawa said.

Following Carlos Ghosn's recent re-arrest in Japan, the wife of the former industry executive has flown to Paris to plead with the French government to help him.

Mr Senard, introduced to shareholders at the meeting's end, thanked them and promised to do his best to keep the carmaker's performance on track.

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"It is really such a pity as he was a brilliant manager", Miyamoto said to AP before heading into the meeting.

Just before his arrest on Thursday, Ghosn took to Twitter to announce an upcoming press conference earlier slated to take place on April 11.

Saikawa said Nissan may claim damages against Ghosn and that he did not want to pay severance to the former chair. "I'm very suspicious of the situation, and most people are". The FCCJ said on its website that a video of Ghosn defending himself will be shown on Tuesday from 3 p.m.

On Friday, the Tokyo District Court ruled prosecutors could have until at least 14 April to interrogate Ghosn, who denies wrongdoing.

The vote severs the company's ties with Mr Ghosn, who was credited with saving it from bankruptcy two decades ago.

Carole Ghosn said her husband's previous 108-day imprisonment had left him "a different person" and that normal life under bail conditions had been impossible.

Despite her Lebanese passport being confiscated by Japanese authorities, Carole said she was able to use her American passport to board a flight and was accompanied by the ambassador to the airport. A date for his trial has not yet been decided.

"I'm asking that we allow him the presumption of innocence like all French citizens, and France must do something", she told France's RTL radio. "We need to fulfill the task (of improving governance) and prepare the company for our next steps, and then pass the leadership baton".