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Nissan's Ghosn crisis

Nissan CEO to meet with Renault directors on Ghosn scandal

Saikawa expected to explain how company missed alleged wrongdoing

Renault's directors and the French government are looking for answers from Nissan.   © Reuters

TOKYO -- Nissan Motor President and CEO Hiroto Saikawa is to meet with alliance partner Renault's directors, as well as French government officials, on Thursday evening, as the French side looks for answers on the Carlos Ghosn scandal.

The meeting is likely to focus on management issues within Nissan, with the French seeking an explanation of the Japanese automaker's corporate governance following Ghosn's arrest in November.

Martin Vial, who manages the French government's equity holdings and sits on Renault's board, sought the meeting with Saikawa. The Nissan CEO will be expected to explain how the company let its former top executive's alleged wrongdoing go on for years.

Ghosn is still technically Renault's chairman and CEO. But the government, Renault's biggest shareholder, is pressing the French automaker to hold a board meeting in the next few days to choose a successor. The company's board could meet as early as Sunday to select its new leadership.

The French side will also be looking for a detailed explanation of Nissan's new management structure following Ghosn's removal as chairman.

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