Nvidia board faces scrutiny over CEO affair and succession gaps

Nvidia CEO Jensen Huang admitted to an affair with a businesswoman identified by US intelligence as a Chinese spy, prompting a board investigation and raising governance concerns about board compliance and lack of succession planning. Corporate governance experts question the Nvidia board's history of deference to Huang, noting the 10-member board has no clear internal successor for the 63-year-old CEO. Former executives say Huang resisted succession discussions, believing they would create internal competition and division. Huang holds 3.56% of Nvidia stock and has given his children significant roles in product management, marketing, and business development. The board will select external counsel for the investigation, while Huang continues leading the company during the process.