| Published Mon, November 26th 2018 at 11:04, Updated November 26th 2018 at 11:11 GMT +3Ousted Nissan Motor Company chairman Caros Ghosn. [Photo: Courtesy]TOKYO- Mitsubishi Motors Corp’s board will meet on Monday to remove Carlos Ghosn from his role as chairman after his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct. Nissan removed Ghosn at a high stakes board meeting on Thursday after allegations of understating his income and using company money for personal use. Nissan holds a controlling 34 percent stake in Mitsubishi Motors and has two executives on the board. Shares in Mitsubishi Motors rose 3.3 percent, while Nissan climbed 1.8 percent, outperforming the broader market’s 0.8 percent gain.

Source: Standard Digital November 26, 2018 08:14 UTC