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TOKYO (Reuters) – Nissan Motor Co's external governance committee says the firm can deepen its relationship with Renault SA without changing the global deal nearly two decades ago. a person close to the file.
At the last committee meeting at the end of last week, members were almost "in agreement" to recommend more important roles for outside directors and to establish board nomination committees, Audit and determination of executive pay, told Reuters the person who had direct knowledge of it. .
The person spoke on condition of anonymity, as the final recommendations had not yet been announced. A spokeswoman for the committee declined to comment on the discussions.
The two automakers are reorganizing their partnership to create a level playing field and avoid the absolute power exercised by deposed President Carlos Ghosn before his arrest in Japan in November for financial misconduct.
Last week, Nissan, Renault and its junior partner Mitsubishi Motors Corp set up a new joint committee made up of separate heads of the three automakers to oversee operations and governance, dismantling the old structure that, in practice, allowed to control the alliance with Ghosn.
The leaders of the three manufacturers said that the new structure was not intended to replace or modify their 2002 framework contract, which gives Renault, the main player, the right to appoint Nissan officers and directors.
The external committee tasked by Nissan with proposing ways to strengthen the firm's corporate governance announced Sunday that it would announce its final recommendations on March 27.
(Report by Maki Shiraki, Writing by Naomi Tajitsu, Edition by Christopher Cushing)
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