Nissan considers giving Renault some seats on oversight committees: Kyodo [Reuters]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Reuters
Nissan considers giving Renault some seats on oversight committees: Kyodo - Reuters 2 Min Read TOKYO (Reuters) - Nissan Motor Co is considering giving its alliance partner Renault SA some seats on planned oversight committees after the French automaker expressed discontent with the envisioned governance reform, Kyodo news reported on Friday, citing people close to the matter. The two-decade-old partnership of Nissan and Renault was plunged into a crisis earlier this week, as the French automaker’s demand for a greater say in Nissan’s new governance system drew rare public censure by the Japanese firm. Renault, which owns 43.4% of the Japanese firm, signaled it would block Nissan from formally adopting an overhauled governance structure at a June 25 shareholder meeting - unless Renault received representation on new Nissan committees. According to Kyodo, Nissan is now considering having Renault executives as members of the nomination and audit committees, citing the sources. The chairm
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