Home World News Nissan considers giving Renault some seats on oversight committees – source

Nissan considers giving Renault some seats on oversight committees – source

51

Nissan considers giving Renault some seats on oversight committees - sourceNissan 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, a source said. 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.

Source: Yahoo.com