Boards of Directors Category
The Japanese automaker’s chief executive told the shareholders, “We have to admit that there was a significant problem with our corporate governance.”
Bill Johnson, most recently the head of the Tennessee Valley Authority, will fill the chief executive position held by Geisha Williams, who left in January, just before PG&E filed for bankruptcy.
When people buy into a development with a board or housing association, landing in the middle of a board dispute can be a financial disaster.
Once seen as a model of global cooperation, the Nissan-Renault alliance seethed with fear and rivalries, raising questions about its future.
A special committee said the company needed to move past the former chief executive, and it lay blame for its failings at his feet.