'Half a Chance' Ghosn Case Is Palace Coup, Bucephalus Research's Medd Says

The transcript discusses the corporate governance issues at Nissan, focusing on the role of Carlos Ghosn and the implications of a whistleblower's revelations. It highlights the challenges in Japan's corporate governance, including the influence of cross-shareholdings and the historical role of the Bank of Japan. The discussion also touches on the potential for a palace coup within Nissan's board and the impact of Abenomics on corporate scandals. The need for improved governance structures and independent directors is emphasized.

What is the main comparison made between the Nissan scandal and another corporate scandal?

• Enron scandal

• WorldCom scandal

• Olympus scandal

• Volkswagen scandal

What sparked the internal probe into Nissan's executive pay?

• A whistleblower's report

• A government investigation

• Media exposure

• An audit by an external firm

What is a significant issue with auditing practices in Japan, as highlighted in the transcript?

• Over-reliance on technology

• Lack of qualified auditors

• Flimsy auditing practices

• Excessive government intervention

What ironic action did Carlos Ghosn take before the scandal?

• He reduced his own salary

• He appointed new independent directors

• He resigned from the board

• He merged Nissan with another company

What is a potential reason for the timing of the scandal's exposure?

• A palace coup

• A financial crisis

• A new CEO appointment

• A change in government policy

What historical factor has contributed to Japan's corporate governance struggles?

• Lack of technology

• Cultural differences

• Influence of the Bank of Japan

• High employee turnover

What is a key reason for the lack of shareholder engagement in Japan?

• Passive management

• Cultural barriers

• Lack of investment opportunities

• High taxation