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 was the primary focus of the new governance style introduced by Mr. Ghosn at Nissan?

• Product innovation

• Cost cutting and profit maximization

• Environmental sustainability

• Employee satisfaction

What challenge did the Renault-Nissan alliance face according to the transcript?

• Political issues

• Market competition

• Technological advancements

• Cultural differences

What makes it difficult for Nissan to plead ignorance in the allegations against Ghosn and Kelly?

• The short duration of the alleged actions

• The large amount involved and the duration

• The lack of evidence

• The support from the Japanese government

How does the Japanese auditing system compare to Western practices according to the transcript?

• It is more transparent

• It is weaker and often non-existent

• It is more stringent

• It is equally effective

What is one reason mentioned for the persistence of corporate scandals in Japan?

• Strong external directorship

• Effective auditing systems

• Weak auditing and external directorship

• High employee turnover