Anonymous ID: 18668a Jan. 13, 2019, 3:52 p.m. No.4743439   🗄️.is đź”—kun

>>4743355

It's not wrong but good one!

Amazed at how many people just hand money to stranger's they think they trust ala financial planners. All you have to do is pass a test similar to a real estate agent and viola..you are a financial planner.

Entire industry from planners to big box operations needs a good flushing.

Anonymous ID: 18668a Jan. 13, 2019, 3:58 p.m. No.4743505   🗄️.is đź”—kun

Ghosn’s Renault lieutenant drew extra salary via Dutch firm

 

PARIS/YOKOHAMA (Reuters) — One of Renault boss Carlos Ghosn’s senior executives received an additional six-figure salary unknown to the carmaker’s board via the Dutch joint venture overseeing its alliance with Nissan, according to sources and documents seen by Reuters.

 

Ghosn and Nissan senior director Greg Kelly, who are at the center of a financial misconduct scandal engulfing the carmaking alliance, approved payments totaling €500,000 ($572,000) to Renault General Secretary Mouna Sepehri, who is responsible for corporate governance in her role as board secretary.

 

There is nothing to suggest that the payments by Renault-Nissan BV (RNBV) were illegal or violated Renault-Nissan rules, but they highlight governance issues and potential conflicts of interest.

 

Sepehri did not respond to Reuters requests for comment.

 

“Individual compensation, while entirely justified, is not publicly disclosed, in accordance with the law,” a Renault spokesman said in a statement. “Renault would be outraged by any publication of an identified executive’s pay, which constitutes personal information.”

 

Sepehri currently sits on the RNBV board with nine other Renault and Nissan executives, and is the only director who drew a compensation package directly from the subsidiary, according to the documents and a senior alliance executive.

 

She received €200,000 in 2013 and €100,000 annually from 2014-16 in addition to her Renault pay, according to statements addressed to her each year and the minutes of a 2013 meeting at which Ghosn and Kelly ordered the payments “for the performance of her duties as a management board member.”

 

“It’s important as a general rule that board secretaries avoid allowing themselves to be influenced by a CEO who might promise them remuneration through a subsidiary,” said Loic Dessaint, head of Proxinvest, a prominent shareholder advisory firm based in Paris.

 

“If Ms Sepehri has been paid by RNBV, it is a conflict of interest situation,” Dessaint said. “At a minimum, Renault directors should have known about it.”

 

In a subsequent statement, Renault said an internal review had concluded that the remuneration of its executive committee members, including Sepehri, was “compliant and exempt from any fraud” in the 2017 and 2018 financial years. The company said the review process would continue with respect to previous years.

 

Ghosn and Kelly have been charged in Japan with failing to disclose $43 million in additional compensation for 2010-15 that Ghosn had arranged to be paid later. They deny that the deferred compensation agreements were illegal or required disclosure.

rest at link

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sounds like Ghosn is talking perhaps.

 

http://the-japan-news.com/news/article/0005476247