Nissan Grants Renault Multiple Boardroom Seats To Ease Tensions

Renault bosses have been granted seats on key committees on Nissan’s board in a move that’s meant to put an end to past tensions that have affected the two carmakers in recent months.

In a statement released today, Nissan said that it will allow Renault CEO Thierry Bollore to sit on its board’s audit committee, while Renault Chairman Jean-Dominique Senard will hold a seat on the nomination committee, both being key positions.

However, Bollore ending up on the audit committee did not happen without strings being attached, as Nissan placed restrictions on the French execs role in areas where the two companies might encounter conflicts of interest, reports Autonews Europe.

“The agreement reached on Renault’s presence in Nissan’s new governance confirms the spirit of dialogue and mutual respect that exists within the alliance,” said the French automaker in a statement.

Also Read: Renault Group And Nissan Partner With Waymo On Autonomous Tech

Reaching this agreement can be viewed as compensation for Renault having approved Nissan’s overhauled governance structure. The former now expects the proposal to be submitted for approval at the board of directors meeting, following a shareholders meeting on June 25.

The partnership between Renault and Nissan has been fractured ever since Carlos Ghosn was arrested and imprisoned for financial misconduct last year. Despite these serious tensions, both sides agreed that for the Alliance to function properly, they would have to find ways to patch things up.

One such way is to move forward with common projects, such as the recently unveiled partnership with Waymo on autonomous tech.

  • Six_Tymes

    See, its all been a drawn out game. they got rid of Carlos Ghosn, then wait for the dust to settle, then the group does pretty much what Carlos Ghosn was doing anyway and take credit for his plans. The fact is, all the executives hated Carlos Ghosn, because Ghosn was able to do all of their jobs put together, Ghosn made them look bad. Shame on the share holders for allowing them to railroad Ghosn. ill never buy a nissan again

  • charlotteharry57

    This is certainly not what I was hoping for. Not sure if I would buy a Nissan from this point forward. Or Mitsubishi, which is probably doomed by all of this. Bet FCA is a bit relieved to be out of this mess (but let’s see what mess THEY get into next).

  • Giannis Antypas

    “Renault bosses have been granted seats on key committees on Nissan’s board … Reaching this agreement can be viewed as compensation for Renault having approved Nissan’s overhauled governance structure. ”
    -Ha,Nissan actually is playing it safe; last time a CEO from Renault attended a Nissan’s board committee, it didn’t end that good, didn’t it?

    “However, Bollore ending up on the audit committee did not happen without strings being attached, as Nissan placed restrictions on the French execs role in areas where the two companies might encounter conflicts of interest”
    -As if they wouldn’t…

    “a move that’s meant to put an end to past tensions that have affected the two carmakers in recent months”
    -Nissan already got all they wanted after the coup,from now on they need to establish the partnership under the new terms they set..

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