Nissan Proposes Removal of Chairman Ghosn and Director Kelly on Misconduct; JPY 1,480 FVE Maintained
No-moat-rated Nissan reported that for several months, it had conducted an internal investigation of misconduct by chairman Carlos Ghosn and director Greg Kelly after receiving a whistleblower tip. Media reports say the Japanese public prosecutor has arrested Ghosn on charges that he and Kelly underreported Ghosn's compensation to the Tokyo Stock Exchange by tens of millions dollars over many years. Nissan also said Ghosn's misconduct included personal use of corporate resources with Kelly's "de...Nissan Motor, along with its subsidiaries and associated companies, is engaged in the manufacture and sale of vehicles, marine products and related parts; and the provision of finance services throughout world. Co.'s principal businesses are automobile and sales financing. Automobile segment manufactures electric vehicles, sedans, sport coupes, compact cars, mini vans, SUVs, pick-up trucks, and station wagons. Co.'s principal brand names include "Leaf," "Infiniti," "Murano," "Altima," "Maxima," "Sentra," "Quest," "Cedric," "Days Roox," "e-NV200," "Note e-Power," "Caravan," "Wingroad," "GT-R," "Farilady Z, among others. Sales Financing segment provides sales financing services..
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