Nissan and Carlos Ghosn Article 2022

[BUSINESS LAW]
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2020
University
Student Credentials

Business Law
1
Nissan and Carlos Ghosn
Carlos Ghosn is one of those people who tried to take benefit of the situation he was in. He
has been accused of various crimes. He has been using Nissan’s financial resources for his
own benefit, embezzlement as well as filing false statements. Carlos Ghosn was the ex -
chairman of Nissan who was convicted of embezzling the company’s money and falsely filed
his financial statements which is why he was removed from his position (AFP-JIJI). He fled
the country and became a fugitive in Lebanon where he was found and arrested. In Japan,
three years prior, Prime Minister Shinzo Abe presented a corporate administration code or a
code for the corporate governance as such that set a certain rules on exposure, investors'
privileges and autonomous executives as a component of his "Abenomics" monetary
arrangements. Japan has proved to be naïve of the corporate related laws and their regulation
that has been clearly stated by the above case of Carlos Ghosn. Though such laws related to
strict corporate governance and as such will not in itself pose as a threat to such individuals
or people in power for the company but its proper regulation might (Economic times).
These kinds of activities make people working for the firm; question the administration
regarding their ways in which they work. Also the systems they follow and the effect they
have on the whole management as well as the policies they make and the way in which they
are implemented are also something that is being questioned. People working for companies
as such makes they wonder about the governance of the company itself. The employees as
well as at the others who have been working for the same firm for years lose the sense of
security related to job they are doing. Working hard is something that the employees have
been doing for the company but the benefits of the same have been extracted by the people as
such in power only as they have assistance to the same (Leggett and Palumbo). The thing
that needs to be questioned here is that the act in itself is something that administration or the