Ralph Walkling, LeBow’s Christopher and Mary Stratakis Professor in Corporate Governance and Accountability, is quoted in a CNN story about the arrest of of Nissan Chairman Carlos Ghosn. Prosecutors in Tokyo say that Ghosn underreported upwards to $44 million in income from 2011 to 2015.
Walkling told CNN: “You need checks and balances… The board’s primary job is to hire and fire the CEO. And the board is run by the chairman. When those two roles are combined, it can present an awkward situation.”
Walkling is also founder of LeBow College’s Center for Corporate Governance.