Court rejects Ghosn's request to attend Nissan board meeting

Court rejects Ghosn's request to attend Nissan board meeting”

While Carlos Ghosn's defense team last week continued to challenge Japanese prosecutors over what they termed irregularities in the case against the disgraced Renault-Nissan executive, Nissan chief Hiroto Saikawa was working his own campaign to impugn Ghosn's character.

The new board structure will be headed by Renault Chairman Jean-Dominique Senard and replaces two previous bodies based in the Netherlands - one joining Renault and Nissan, the other combining Nissan and Mitsubishi Motors. The new board, consisting of those four executives, will meet every month in Paris or Tokyo and oversee various projects, helping to make the companies' operations more efficient, they said.

He had asked to attend the board meeting but was conspicuously absent after the Tokyo District Court rejected his request on Monday.

Mr. Ghosn was arrested in November and released from detention on bail last week.

His subsequent indictment in Japan on three charges of financial misconduct has led to renewed scrutiny of his management and lifestyle at both companies. He says he is innocent.

"Nissan's strong opposition to Ghosn's attendance is very regrettable", Hironaka said outside his law office.

But he has been stripped of his chairmanships at Nissan and fellow alliance partner Mitsubishi, and removed as CEO of Renault, while awaiting trial.

Renault owns 43 percent of Nissan, which makes the March subcompact, Leaf electric auto and Infiniti luxury models.

"We have made a decision to join our forces again to enhance the strength of our collaboration", Senard said. The MoU said Senard should be "a natural candidate for the position of vice chairman and a representative director of Nissan".

His downfall was plotted due to "opposition and anxiety" over the plan to bring Nissan and Renault closer together, Ghosn alleged.

Nissan holds a 15 percent, non-voting stake in Renault, whose top shareholder is the French government.

As boss of Renault, he took what many observers at the time thought was a gamble by saving Nissan from the brink of bankruptcy and tying it to the French firm.

Since Ghosn's release, he has been seen in Tokyo on outings with his family.

A statement released on Ghosn's behalf expressed disappointment over his inability to attend Tuesday's meeting.

However, he remains on the boards of all three, given a shareholder vote is required to remove a board member.

He believes that the accusations against him, which he has frequently described as "meritless and unsubstantiated", should not prevent him from giving his input into a company he saved from the brink.

Like this



12 March 2019
Federal Bureau of Investigation accuses wealthy parents, including celebrities, in college-entrance bribery scheme
In many instances, the children were unaware that their parents had paid these bribes according to federal documents. Federal agents allege that they recorded phone calls between Huffman and a cooperating witness in the case.

12 March 2019
FDA Approves Esketamine Nasal Spray For Hard-To-Treat Depression
According to Janssen, treatment costs will depend on dosage and range from $590 to $885 per treatment session. The FDA approval is a significant milestone not only for the company but for those living with MDD.

12 March 2019
Windows 10 Can Now Automatically Roll Back Faulty Updates
But considering it's only done after all other fixes have failed, recovering from one may still be a very time-consuming process. Once an update has been removed, Windows will not attempt to reinstall it for another 30 days.

12 March 2019
Terrell Suggs not returning to Ravens in 2019
Suggs played 72 percent of the Ravens' defensive snaps past year and recorded 34 tackles and 7.0 sacks in 16 regular season games. The pact will return Suggs to the desert, where he went to high school and enjoyed a prolific college career at Arizona State.

12 March 2019
Meghan Markle moved to tears at ceremony
The Duchess of Sussex's assistant private secretary Amy Pickerill has quit her role with the royal, according to reports . Nothing to see here folks, just two friendly sisters-in-law saying hello in a totally normal way.

12 March 2019
Pompeo: U.S. to withdraw all remaining embassy personnel From Venezuela
Maduro is facing a challenge from opposition leader Juan Guaido who declared himself acting president in January. He criticized "Cuban Communist overlords" and the "deeply corrupt ruling class" protecting Maduro.

12 March 2019
Here's Google's Gaming Stream Console Controller For Expected Reveal At GDC
The notification system could also alert users to changes in player scores, a chat message, or an invitation. Given how mmost game controllers lean towards black colors, this Google controller will easily stand out.

12 March 2019
Miami Dolphins sign tight end Dwayne Allen
The former Patriots tight end played behind Rob Gronkowski and was used in running situations for the most part. The New England Patriots will be facing one of their former players twice a year in 2019 and possibly beyond.

12 March 2019
Bill Nye Joins The Alexandria Ocasio-Cortez Fan Club: She 'Gets It'
Ilhan Omar (D-MN) for her criticism of the foreign policy tendencies of President Donald Trump's administration. On Saturday, the freshman congresswoman said "capitalism is irredeemable".

12 March 2019
Tesla backtracks on recently-announced plan to close its stores
Tesla said the worldwide price hikes will apply to the more expensive variants of Model 3 , Model S and Model X . Tesla on Sunday announced that it would reduce the number of store closures that it had previously announced .