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)
AutoInformed on:
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 Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Japanese Justice or Farce?
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)
AutoInformed on:
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:
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.