The replacement for Carlos Ghosn, who once doubled as the head of both Nissan Motor Co. and Renault SA, remains stalled, complicated by different perspectives held by the two automakers about his arrest.
Nissan's outside directors concluded Friday that it will postpone selecting a new chairman to replace Ghosn at its board of directors meeting scheduled on Monday.
In the meantime, the Renault board of directors decided on Thursday not to dismiss Ghosn as its chairman and chief executive officer for now.
The Japanese carmaker had initially planned that three outside directors would propose a candidate among current directors to be Ghosn's successor -- a policy made at an extraordinary meeting of the board of directors in late November. The three outside directors are from entities such as the Economy, Trade, Industry Ministry and Renault. They discussed the replacement for Ghosn on Friday, but decided to put off selecting candidates.
Because there has been an objection raised recently to the procedure, in which the three directors alone would swiftly narrow down the list of candidates, Nissan determined that the company would first set up a third-party panel to propose improvement measures for its corporate governance, according to sources.
The appointment of Ghosn's successor will be decided based on the panel's discussion of the issue.
It is also believed that the French auto giant influenced the personnel selection. More specifically, Renault insists that there is an agreement between the two automakers where Renault can send high-ranking board members such as a chairman to Nissan.
Read more from The Japan News at https://japannews.yomiuri.co.jp/
