Corporate Governance is the process of ensuring that the companies are managed in such a way as to maximize value for their owners while fulfilling the responsibilities they have toward stakeholders

It has been widely accepted by corporate governance advocates that the entire board of the care maker Nissan should take responsibility for the alleged disclosure failings of the company. The board should have collective responsibility over this issue and their lack of knowledge speaks poorly about their internal controls.

What internal controls should be in place in companies like Nissan to prevent such failings? Please share your thoughts.