Nissan’s CEO apologises to shareholders for alleged Ghosn’s misconduct

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After several months of surviving a major scandal, Nissan Motor Co Ltd has finally apologized to its shareholders over the financial misconduct involving its former Chairman Carlos Ghosn.

The result of the scandal had hampered Nissan’s partnership with French automaker, Renault SA.

In a statement issued to its shareholders, the company’s Chief Executive Hiroto Saikawa, said: “We would like to apologise for any inconvenience caused by the financial misconduct.”

Ghosn was arrested for financial misconduct, a signal to the company’s auditing weakness.

However, Nissan’s board are preparing to vote on a new governance structure and 11-member board.