1. Carlos Ghosn's Legal Woes Highlight Governance Failings in Japan

    Carlos Ghosn's Legal Woes Highlight Governance Failings in Japan

    One of the biggest mysteries surrounding the arrest of Nissan's former chairman Carlos Ghosn is over how he allegedly could have underreported his income by millions of dollars for years and why the company is going after the suspected wrongdoing now. Ghosn, who headed the Renault-Nissan-Mitsubishi Motors auto alliance, was arrested November 19 on suspicion he underreported his income by USD 44 million over five years, or about half of what he was really making...

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    1. Wait a minute. Who wrote the financial statements? The accountants. Who audited them? The auditors.
    2. If Nissan knew about this all along and decided to pull the trigger, such Machiavellian tactics will significantly backfire on the brand.
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