2019 Mylabmanagement With Pearson Etext --standalone Access Card-- For Essentials Of Organizational Behavior
14th Edition
ISBN: 9780135835647
Author: Stephen Robbins, Timothy A. Judge
Publisher: PEARSON
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Chapter 13, Problem 5LO
Summary Introduction
To identify: The causes and consequences of abuse of power.
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In 2018, Carlos Ghosn, the chairperson of Nissan Motor Co., Ltd. (Nissan), was arrested for alleged misconduct and criminal offences related to underreporting remuneration and misrepresenting annual disclosures. Detailed investigations revealed similar misrepresentations by the company’s chief executive officer (CEO) Hiroto Saikawa, who was forced to resign. The actions of senior officials left a deep stain on Nissan’s reputation, causing investors to question the effect of corporate governance at Nissan—and by extension, at similar companies across Japan and the world. As details of the scandal unfolded, Nissan suffered negative public repercussions. Its share-based incentive systems, excessive focus on profitability, and cost-cutting measures had caused deviations from normal risk management procedures, resulting in the production of poor-quality vehicles and thus vehicle recalls. Consumer trust in the company dropped, as did sales and profitability figures, with a continuous fall in…
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2019 Mylabmanagement With Pearson Etext --standalone Access Card-- For Essentials Of Organizational Behavior
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