Nissan Motor Co.’s board took on expanded powers after the arrest of former Chairman Carlos Ghosn for alleged financial improprieties revealed gaps in corporate governance. The board widened the scope of decisions that require its approval and decided on an interim process to set compensation for directors and executives, according to a statement released. Nissan has come under fire for internal rules that provided little oversight over Ghosn, a globetrotting business icon who once led a rescue of the automaker, in directing his own pay. Chief Executive Officer Hiroto Saikawa, a former Ghosn protege, has pledged to address corporate governance shortcomings that ensnared the company in the scandal involving the former chairman, who was accused of under-reporting his income. The Japanese carmaker is rushing to regain credibility as questions swirl over its relationship with French partner Renault SA and the future of their automotive alliance.

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