1. Nissan Board Removes Chairman, Director for Violations

    Nissan Board Removes Chairman, Director for Violations

    Nissan's board of directors on Thursday voted unanimously to remove Carlos Ghosn as chairman and representative director, and another director, Greg Kelly, for under-reporting compensation amounts to the Tokyo Stock Exchange securities report...

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    1. The board acknowledged the significance of the matter and confirmed that the long-standing Alliance partnership with Renault remains unchanged and that the mission is to minimize the potential impact and confusion on the day-to-day cooperation among the Alliance partners.
    2. We can acknowledge that the allegations are surely something we cannot accept as a company.
    3. Nissan has been providing information to the Japanese Public Prosecutors Office and has been fully cooperating with their investigation.
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