RE #24: The D&O Files, Chapter 3 - Nissan: The Chairman Escape
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As part of our ongoing mission to share insights into the second episode in our new series of The D&O Files.
In this episode we discuss the curious case of Nissan and its former Chairman, Carlos Ghosn. Key areas of the discussion includes the following:
- The background to the story of how one of the most successful and powerful CEOs of the motor industry ended up being arrested and then escaping out of Japan in a musical equipment box.
- How geopolitical events and exposures for directors are intertwined.
- What should a director expect from their D&O insurance in such an event when they have a conflict with the entity?
- What steps can directors take in advance to mitigate the impact of such an event where conflicts can arise?
- What are the corporate governance lessons that arise for corporations and individuals from this saga?