Nissan Motor Co. won’t appeal a ruling by a court in Japan that found the automaker guilty for its role in underreporting former Chairman Carlos Ghosn’s compensation, calling it a “fair judgment.”
On Thursday, Chief Judge Kenji Shimotsu ordered Nissan, which didn’t dispute the charges, to pay a 200 million yen ($1.7 million) fine, saying the company bears responsibility and the case revealed its “dysfunctional governance.” Greg Kelly, Nissan’s former director, was found partially guilty and given a suspended sentence.
