- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Nissan apologized Monday after uncovering—as part of a check of emissions and fuel economy tests within its final production process—it had falsified data at all but one of its Japanese vehicle production plants.
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Carlos Ghosn, the former chairman of Japanese automaker Nissan, late last week secretly fled Japan, where he was awaiting trial over allegations of financial misconduct.
A high-ranking Nissan executive reportedly quashed a recommendation to establish a special committee to determine whether any additional disciplinary actions were necessary surrounding allegations of financial misconduct.
Nissan will pay a $15 million civil penalty over false financial disclosures, the SEC announced. The charges come the same month the carmaker’s latest CEO resigned, along with its vice president of internal audit and chief compliance officer.
