Japanese Justice or Farce?

AutoInformed.com

It’s will be interesting seeing Ghosn in a Japanese court, if he ever gets there. However, a bigger issue is the empire, aka Alliance – can it be saved?

Carlos Ghosn remains in a tiny jail cell for at least the rest of the year a Tokyo court ruled today, Sunday 23 December 2018. Ghosn stays locked up until 1 January 2019, giving the Japanese “authorities” added time to question him – without his lawyer present – on more alleged wrongdoings as Nissan Motors CEO.

Under so-called Japanese law, which appears to be a tsunami-sized affront to U.S. law and its English common law precedents, prosecutors can then demand that Ghosn be held for another 10 days — that is jail time until to 11 January 2019. AutoInformed won’t be surprised if another alleged charge is filed then. (Nissan Mired in Japanese Corporate Governance Scandals)

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Thus – as predicted – this growing case, aside from revealing the rift between Nissan and its European partner Renault that saved it from bankruptcy, has cast a cold beam of light on Japanese corporate governance – or is that non-governance? – practices, as well .as Japanese justice.

As AutoInformed previously noted, “After reviewing an internal investigation, the circumstances under which it was established, and its contents remain secret in the murky and oft-criticized world of Japanese corporate management, the Nissan board voted unanimously:

  • To discharge Carlos Ghosn as Chairman of the Board
  • To discharge Carlos Ghosn as Representative Director
  • To discharge Greg Kelly as Representative Director
  • To “study the creation of a special committee to appropriately take advice from an independent third party regarding the governance management system and better governance of director compensation. The three independent directors – Masakazu Toyoda, Keiko Ihara and Jean-Baptiste Duzan – will lead the study, well, of a possible study.”

About Kenneth Zino

Ken Zino is an auto industry veteran with global experience in print, broadcast and electronic media. He has auto testing, marketing, public relations and communications expertise garnered while working in Asia, Europe and the U.S.
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