Nissan board to meet to discuss arrested Carlos Ghosn’s successor as chairman

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Monday&&num;8217&semi;s meeting comes amid an unfolding scandal that threatens the Japanese automaker&&num;8217&semi;s two-decade alliance with Renault SA of France and its global brand&comma; as well as highlighting shoddy governance at the manufacturer of the Leaf electric car&period;<&sol;p>&NewLine;<p>Mr Ghosn and another board member Greg Kelly were formally charged last week with falsifying financial reports in underreporting Mr Ghosn&&num;8217&semi;s income by about five billion yen &lpar;€39 million&rpar; between 2011 and 2015&period;<&sol;p>&NewLine;<p>They were arrested on November 19 by Tokyo prosecutors and remain in detention&period;<&sol;p>&NewLine;<p>A source close to Mr Ghosn&&num;8217&semi;s family said he is innocent as the alleged income was never decided upon or paid&period;<&sol;p>&NewLine;<p>Aubrey Harwell&comma; the US lawyer for Mr Kelly&comma; an American&comma; says he is innocent&comma; and that Nissan insiders and outside experts had advised him the financial reporting was proper&period;<&sol;p>&NewLine;<p>The chairman must be selected from among the board members&comma; but whether a decision will come Monday remains unclear&period;<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;122301" aria-describedby&equals;"caption-attachment-122301" style&equals;"width&colon; 600px" class&equals;"wp-caption aligncenter"><a href&equals;"https&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2018&sol;12&sol;NissanPresidentCEOHirotoSaikawa17Dec2018&lowbar;large&period;jpg"><img class&equals;"size-full wp-image-122301" src&equals;"https&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2018&sol;12&sol;NissanPresidentCEOHirotoSaikawa17Dec2018&lowbar;large&period;jpg" alt&equals;"Nissan&comma; Hiroto Saikawa&comma; Business" width&equals;"600" height&equals;"338" &sol;><&sol;a><figcaption id&equals;"caption-attachment-122301" class&equals;"wp-caption-text">Nissan Motor Co&period; President and Chief Executive Officer Hiroto Saikawa<&sol;figcaption><&sol;figure>&NewLine;<p>Three outside board members&comma; driver Keiko Ihara&comma; Masakazu Toyoda&comma; an academic&comma; and Jean-Baptiste Duzan&comma; formerly of Renault&comma; are making that decision&period;<&sol;p>&NewLine;<p>One candidate for chairman is Chief Executive Hiroto Saikawa&comma; who was hand-picked by Mr Ghosn to succeed him as chief executive&period;<&sol;p>&NewLine;<p>He has denounced Mr Ghosn and Mr Kelly as the &&num;8220&semi;masterminds&&num;8221&semi; in a scheme to falsify income reports and abuse company money and assets&period;<&sol;p>&NewLine;<p>Renault has kept Mr Ghosn as chief executive and chairman&comma; saying its investigation has not found wrongdoing in the awarding of his compensation&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed5a6bc7bf5">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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