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TOKYO (Reuters) – Nissan Motor Co plans to give its partner Renault SA a seat in the planned supervisory committees after the French automaker has expressed dissatisfaction with the proposed governance reform, Kyodo news quoted as saying. relatives of the file.
The partnership between Nissan and Renault, two decades old, was plunged into a crisis earlier this week, as demand from the French automaker to strengthen its influence on Nissan's new governance system sparked public censorship on rare occasions. from the Japanese firm.
Renault, which owns 43.4% of the Japanese group, has announced that it would prevent Nissan from formally adopting a revamped governance structure at a general shareholders' meeting on June 25 – unless Renault will not be represented in Nissan's new committees.
According to Kyodo, Nissan is now considering using Renault executives to sit on nomination and audit committees, citing the sources.
The president of the French automaker said earlier this week that he was confident of reaching an agreement with Nissan on the composition of the main board committees of the Japanese company. He said he would support Nissan's governance reform if the Japanese company allowed Renault's two representatives on the Nissan board to join its powerful committees.
(Report by Ayai Tomisawa, edited by Christian Schmollinger)
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