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Founded in 1989 as an airlines operator in China’s Hainan island, HNA had been aggressively buying overseas assets and expanding its businesses since 2015, aiming to build a global empire with trophy holdings such as stakes in Deutsche Bank (DBKGn.DE) and Hilton Hotels Worldwide Holdings (HLT.N). Less than three years later, HNA has found itself reversing track. It has sold over $12 billion in overseas assets this year and has at least $23 billion more to offload, according to Reuters calculations based on filings and media reports solid rose gold cufflinks uk online.
TOKYO (Reuters) – Nissan Motor Co’s board is unlikely to select a chairman to succeed Carlos Ghosn as had been expected on Dec. 17 after a panel tasked to choose a candidate did not agree on a nominee in a meeting held Thursday, a source said. The panel of Nissan’s three external directors agreed on Thursday that more time was needed to decide on a candidate, according to two sources with knowledge of the matter solid rose gold cufflinks uk online. One of the sources said the external directors were likely to continue their discussions over the weekend but were not expected to recommend a candidate at Monday’s board meeting..
The directors agreed on Thursday that they would focus on setting up a third-party committee to make recommendations on improving Nissan’s governance, the source said. The directors “won’t rush to make a decision (on the chairman) before the board meeting,” the source said, adding that a candidate may be decided in January. The sources requested anonymity because the matter was confidential. Ghosn has been held in a Tokyo jail since he was arrested on Nov. 19 on suspicion of conspiring to understate his pay by about half of the actual 10 billion yen ($88 million) awarded over five years from 2010 solid rose gold cufflinks uk online. He was charged on Monday..
TOKYO (Reuters) – How big should executive pay packets be? How widespread is lax corporate governance in Japan? And what’s the future of the alliance between Nissan and France’s Renault?. These are the broader issues brought into focus by the indictment of ousted Nissan Motor Co Ltd chairman Carlos Ghosn. Ghosn was arrested on Nov. 19 charged with understating his compensation by about half of the 10 billion yen ($88 million) he was awarded over five years from 2010 solid rose gold cufflinks uk online. He was re-arrested on Dec. 10 on similar suspicions for another three years..
Nissan was indicted for filing false financial statements. Ghosn, who has been detained since his arrest, has denied the allegations, public broadcaster NHK has reported. Nissan said it will correct past financial reports solid rose gold cufflinks uk online. Sky-high executive pay is a touchy topic in Japan, where conspicuous consumption is frowned upon and wealth gaps are contentious. Ghosn’s undisclosed compensation charge is also politically sensitive in France, where President Emmanuel Macron has been battling anti-government protests..