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Ex-chairman Ghosn removed as director from Nissan’s board

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Nissan Motor shareholders have voted former chairman Carlos Ghosn out as a director, severing his last ties with the automaker.

Shareholders at the emergency meeting on Monday also voted out another director, Greg Kelly, and voted in favour of making Renault Chairman Jean-Dominique Senard as a director, according to announcements made at the meeting.

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Japan’s second-largest carmaker proposed Ghosn’s dismissal after removing him as chairman in November following his arrest, while bringing in Renault’s new chairman Jean-Dominique Senard as a new member.

Nissan sacked Ghosn as chairman almost immediately after his initial arrest but an extraordinary meeting of shareholders is required to remove him from the board.

Ghosn faces three separate charges. The first two relate to the alleged deferring of around $80 million in income and concealing this in official documents to shareholders.

The third, more complex, charge is that he attempted to transfer personal losses to Nissan and paid a Saudi contact who provided collateral from company funds.

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