Nissan removes Carlos Ghosn as chairman

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Nissan has confirmed Carlos Ghosn has been removed by the board as company chairman. Ghosn and his co-accused, Greg Kelly, have also been removed as representative directors. We understand, however, both men remain on the company's board as directors, as they can only be forcibly removed at a shareholder meeting. According to Automotive News, under the Japanese system of corporate governance, only representative directors can legally speak for the company when signing contracts and deals.

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