Mitsubishi To Propose Removing Ghosn As Chairman: Statement

Umer Jamshaid Published November 20, 2018 | 12:26 AM

Japanese automaker Mitsubishi said Tuesday it planned to propose the removal of Carlos Ghosn as chairman after his arrest over allegations of financial misconduct.

Tokyo, (APP - UrduPoint / Pakistan Point News - 19th Nov, 2018 ) :Japanese automaker Mitsubishi said Tuesday it planned to propose the removal of Carlos Ghosn as chairman after his arrest over allegations of financial misconduct.

"In response to the arrest of Ghosn, and since the alleged misconduct is related to a corporate governance and compliance issue, it is to be proposed to the Board of Directors to promptly remove Ghosn," the firm said.

It came after Nissan said it too would propose Ghosn's ouster as chairman and Renault said its board would meet soon on the auto titan's future after his arrest in Tokyo.