From one corporate governance mishap after another to, now, a resulting enforcement action by the U.S. Securities and Exchange Commission, Japanese automaker Nissan can’t seem to get out of its own way.
In the latest headache for the company, the SEC on Sept. 23 settled fraud charges against Nissan, its former Chairman and CEO Carlos Ghosn, and its former director Greg Kelly over false financial disclosures that omitted more than $140 million to be paid to Ghosn in retirement. Ghosn was arrested by prosecutors in Japan in November 2018 for engaging in financial misconduct.
