According to a Nissan special committee, the automaker suffered from poor governance

TOKYO (Reuters) – A special committee set up by Nissan Motor Co (7201.T), the deposed president, Carlos Ghosn, estimated that it appeared that the Japanese manufacturer suffered from poor governance procedures, including remuneration of directors.

Ghosn has been charged with three counts of financial misconduct and detained in Tokyo since his arrest on November 19. Ghosn denies the charges against him, which include an underestimation of his salary for eight years and the temporary transfer of personal financial losses to those of Nissan. books.

After the first meeting of the special committee, former Justice Seiichiro Nishioka, who is acting as co-chair, said the group would meet three or four times before making recommendations to Nissan's board of directors on how to improve corporate governance.

The group, consisting of three outside directors from Nissan and four third-party members, is expected to make recommendations to Nissan's board in March on how to tighten its lax governance and approval processes in areas such as compensation. directors and the selection of the chairman.

Nissan and its partner Mitsubishi Motors (7211.T) conducted their own internal investigations into the alleged acts alleged by Ghosn.

On Friday, the two accused him of improperly receiving a $ 9 million compensation from a joint venture (JV) between the two automakers, citing the possibility that the former boss of the company would be able to get a $ 9 million joint venture (JV) between the two automakers. Nissan-Renault alliance be exposed to a new charge of embezzlement.

Separate internal investigations found that in both companies a small group of people helped execute or approve transactions, including secret compensation and payments to a handful of Ghosn residences, told Reuters people aware of the case.