Court denies Ghosn's request to attend Nissan board meeting

Share
Court denies Ghosn's request to attend Nissan board meeting

Nissan plans to hold an extraordinary general shareholders meeting next month to relieve Ghosn and his aide, Greg Kelly, a former Nissan representative director who was also arrested along with Ghosn, of their directorship positions.

"The proposed arrangement will have no impact on the existence of the RAMA (Restated Alliance Master Agreement), and the cross-shareholding structure, which will both remain in place", added Renault.

Asked about Ghosn, Senard said: "I have two or three major principles in my life".

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

"We are fostering a new start of the alliance".

"Our future lies in the efficiency of this alliance", he told reporters at Nissan's headquarters in Yokohama.

Saikawa said they agreed that the custom of the Renault chairman assuming the Nissan chairmanship will not apply to Senard, highlighting this change as another example of Nissan's independence being respected.

A Japanese court has rejected a request by former Nissan chairman Carlos Ghosn, released on bail last week, to attend the Japanese automaker's board meeting on Tuesday. He faces charges of under-reporting his salary at the Japanese automaker by about $82 million over almost a decade - charges he has called "meritless". He spoke to reporters along with Renault's chief executive, Thierry Bollore; Nissan CEO Hiroto Saikawa and Osamu Masuko, CEO of the smaller Japanese alliance partner Mitsubishi Motors Corp.

If his request to attend the board meeting had been approved, he would have been expected to dial into the meeting via teleconference, given the conditions of his bail, according to a person familiar with Nissan's thinking.

Nissan and Renault announced that their Amsterdam-based joint venture called Renault-Nissan B.V., which was overseeing the operation of the alliance, will continue to exist and function as a backup alliance operation body for the new board.

And Ghosn's lawyer Junichiro Hironaka said earlier Monday that his client "had a duty" to attend the board meeting and wanted to do so - if the court gave the green light. He can only access a non-Internet connected computer at his lawyer's office.

In the wake of the scandal, Renault began its own review of payments to Ghosn.

Ghosn found himself embroiled in another legal battle on Monday when French prosecutors opened an inquiry into a party he threw at the sumptuous Palace of Versailles outside Paris in 2016.

Senard also announced he would "not be seeking" to replace Ghosn as head of Nissan but would be a "clear candidate" to be vice-president of the Japanese auto giant. He had reportedly been eyeing a merger between Nissan and Renault under one holding company while respecting their independence.

Share

Advertisement

Related Posts

'I'll F**k You Up': Russell Westbrook Warns Utah Jazz Fans
Westbrook is not the only player to have trouble with fans in Utah with former Cleveland Cavaliers guard J.R. Paul George made just two (of eight) field goals, but finished with 14 points, 11 rebounds and 4 assists.

Meghan Markle wears Victoria Beckham on Commonwealth Day
Meghan also chose to ditch her engagement ring when she attended the 70 anniversary of the Commonwealth at Westminster Abbey. Middleton is a master royal wardrobe recycler and this is a prime example of pulling out a favourite at the ideal time.

'Harry Potter: Wizards Unite' is about protecting muggles
You can also cast spells while playing Harry Potter: Wizards Unite , but be mindful that this consumes Spell Energy . New compared to Pokemon Go is the addition of immersive environments, which can be accessed via Portkey .

Thunder's George fined for public criticism of officiating
Oklahoma City ranks third in the Western Conference with 18.5 fast break points per game, led by Russell Westbrook averaging 5.2. Lou Williams has 21 points, and Montrezl Harrell added 14 points and 11 rebounds. "I'm going to lose money on this".

U.S. warns Germany a Huawei deal could hurt intelligence sharing
Also on rt.com U.S. advises Italy to steer clear of China's new Silk Road... because it's a National Security issue? The Chinese telecoms behemoth has strenuously denied the espionage allegations.

Kalank Teaser Breakdown | Varun | Aditya Roy | Sanjay | Alia | Sonakshi | Madhuri | Abhishek Varman
Originally, Sridevi was meant to do the film, before she passed away last February. I kept telling the story to everyone, insiders of the Dharma Productions' family.

Suggs gets 1-year deal from Cardinals
At the minimum, Suggs will be used as a third-down pass rusher, similar to DeMarcus Ware when he was a Bronco. Safety Eric Weddle was cut and signed with the Los Angeles Rams last week , middle linebacker C.J.

Apple says 'it's show time' 25 March, TV service announcement expected
In its invitation, Apple did not specify the focus of the event and gave a single-line description: "It's show time". Some reports said actresses Jennifer Aniston and Reese Witherspoon and "Star Wars" director J.J.

Trump hasn't set a date for Xi trade summit: White House
I would refer you back to the President's comments. "Democrats don't hate Jewish people, that's just silly", Acosta said. White House Press Secretary Sarah Sanders accused Democrats of not publicly condemning Rep.

'Totally new one for us': Woman forgets baby at terminal, flight returns
However, the freaky incident had a happy ending as the woman passenger was reunited with her baby at the airport. The pilot says, "We told you, a passenger left her baby in the terminal and refuses to continue the flight".

© 2015 ExpressNewsline. All Rights reserved.