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Nissan's Ghosn crisis

Nissan report urges scrapping all-powerful chairman role

Panel blasts 'personality cult' while Ghosn's team complains of 'smear campaign'

A woman drives a Nissan car in France. A committee recommending governance reforms at the Japanese automaker stopped short of proposing changes to its alliance with Renault.   © Reuters

TOKYO -- Nissan Motor is expected to abolish the post of chairman and appoint an external director to head its board, following recommendations announced Wednesday to overhaul the automaker's governance so that oversight and executive functions are clearly separated after the arrest of former chief Carlos Ghosn.

An independent committee said in a report that Nissan needs to strengthen oversight in light of the financial allegations leveled against Ghosn, which stemmed from the "concentration of authority in one director."

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