Sustainable Funds Largely Sidestep Nissan Controversy
The arrest of Nissan chairman Carlos Ghosn was a shock, but a poor history of corporate governance kept most ESG-focused funds away.
The arrest of Nissan Chairman Carlos Ghosn in Japan on charges of under-reporting his compensation was shocking news, but investors paying attention to the company's corporate governance practices shouldn't have been all that surprised.
Nissan Motor Co's (NSANY) corporate governance practices are the worst in the automobile industry. According to Sustainalytics, Nissan Motor Co's corporate governance performance ranks dead last in the global automobile subindustry group. That's 41st out of 41 companies.
Jon Hale does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.