Tokyo: Nissan Motor no longer has an office staffed by an inner circle of people working for the chief executive officer following the arrest and exit of former chairman Carlos Ghosn, a person with knowledge of the change said.
The team was abolished as of April 1, said the person, asking not to be identified because the information hasn’t been made public yet. Although the office existed while Ghosn was Nissan’s CEO and was kept intact under his successor Hiroto Saikawa, it’s not clear when it was established.
A special corporate governance committee singled out the Office of the CEO as one of the reasons why it was difficult to detect misconduct at the highest levels of the Japanese automaker. It called on Nissan to change the “function and scope” of the group when it announced its recommendations on March 27.
Nissan’s board is set to formally adopt the new rules, including the creation of a more independent board, by the end of June.