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Opinion

Nissan affair risks damaging Japan Inc push to hire foreign managers

Tragedy if scandal holds back crucial drive to globalize the workforce

| Japan
The Nissan scandal must not reverse recruiting foreign managers in Japan. (Photo by Ken Kobayashi)

The recent arrest of Carlos Ghosn raises many issues: including governance failure, excessive CEO pay, the conduct of Japanese criminal justice, and the future of the Renault-Nissan alliance.

However, in many ways, it is the implications for the future of non-Japanese managers at Japanese companies that may be the most damaging. This very serious concern has receded into the background as the narrative has become dominated by alleged executive greed.

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