Japan's Auditing System Not Functioning at All, Professor Takeshita Says

The video discusses Nissan's governance issues, highlighting the introduction of an Anglo-American style by Mr. Ghosn, which focused on cost-cutting and profit maximization. Despite its initial success, cracks began to appear, especially with the alliance's challenges. Allegations against executives like Carlos Ghosn and Greg Kelly are explored, questioning Nissan's ignorance. The video also examines Japan's weak auditing system, comparing it to past scandals like Toshiba and Olympus, and the difficulties in changing governance structures due to political and corporate complexities.

What implications does the alleged misconduct have on Nissan's management?

In what ways has the auditing system in Japan been described as weak?