Nissan Motor Co is considering giving its alliance partner Renault SA some seats...
FILE PHOTO : The Nissan logo is seen at Nissan Motor Co.'s global headquarters building in Yokohama, Japan, December 17, 2018. REUTERS/Kim Kyung-Hoon/File Photo
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. Nissan is now considering having Renault executives as members of the nomination, audit and compensation committees, a person with direct knowledge said.
Jean-Dominique Senard, Renault’s chairman, said earlier in the week that he was confident of reaching an agreement with Nissan on the composition of the Japanese company’s main board committees. He said he would support Nissan’s governance reform if the Japanese firm allowed Renault’s two representatives on Nissan’s board to be part of its powerful committees.
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