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Nissan's Ghosn crisis

Nissan board expands oversight of exec pay and appointments

Renault internal probe finds no wrongdoing over executive pay

Nissan Motor plans to start drastically changing its corporate governance structure in April.   © Reuters

TOKYO/PARIS -- Nissan Motor will widen the scope of decisions that require approval from the board of directors, the automaker said Thursday, aiming to bolster corporate governance following the arrest of former Chairman Carlos Ghosn.

During a meeting that same day, Nissan directors also enacted a provisional process for determining compensation and making other personnel decisions. Three outside directors will review such proposals before the entire board votes on them.

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