nissan-considers-seats-for-top-two-renault-executives-in-new-committees-nikkei

Nissan considers seats for top two Renault executives in new committees: Nikkei

© Reuters. FILE PHOTO : The Nissan logo is seen at Nissan Motor Co.'s global headquarters building in Yokohama© Reuters. FILE PHOTO : The Nissan logo is seen at Nissan Motor Co.'s global headquarters building in Yokohama

(Reuters) - Nissan Motor Co has plans to give multiple seats in its four proposed committees to alliance partner Renault (PA:) SA's chief executive and chairman, Japan's newspaper reported on Wednesday, citing sources.

Reuters had reported last week that Nissan was considering having Renault executives as members of nomination, audit and compensation committees, after the French firm expressed discontent with Nissan's envisioned governance reform.

Nissan is proposing an additional board committee possibly named "strategy committee", the Nikkei said.

The 20-year-old partnership was plunged into a crisis earlier this month, as the French automaker's demand for a greater say in Nissan's new governance system drew rare public censure by the Japanese firm.

On June 25, Nissan will be holding a shareholder meeting, which would see the company adopt an overhauled governance structure.

Nissan was not immediately available for comment outside office hours.

Disclaimer: Fusion Media

would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.