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Nissan's Ghosn crisis

Nissan rejects Renault proposal of shareholders meeting

Choice of Ghosn successor delayed as partners lock horns in power struggle

Nissan Motor, with its global headquarters in Yokohama seen here, formed an independent governance committee that will influence the choice of a new chairman. (photo by Maho Obata)

TOKYO -- Nissan Motor denied a request from top shareholder Renault to convene an extraordinary shareholders meeting to appoint a replacement for ousted Chairman Carlos Ghosn, a move that could intensify a power struggle over the Japanese automaker's management.

Instead, Nissan formed an independent governance committee during a board meeting held Monday, tasked with reviewing the weak governance structure at Nissan -- which allowed one figure, Ghosn, to hold overwhelming power -- and devising a process to decide executive pay.

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