Nissan Willing To Budge To Make Renault Happy Moving Forward



Nissan Willing To Budge To Make Renault Happy Moving Forward

Nissan is considering appeasing its Alliance partner Renault by offering the French carmaker multiple seats on planned oversight committees after the latter expressed discontent with a proposed governance reform.



The Renault-Nissan alliance has been going through some rough patches lately, especially after Renault demanded to have a greater say in Nissan’s new governance system. Now, the latter is considering having the French brand’s executives as members of its nomination, audit and compensation committees, reports Autonews Europe.

“Nissan will have to make concessions for our governance reform,” said a person with direct knowledge. “Whether two or three seats, we still don’t know how many committees we will be giving to Renault, but we are in talks with Renault to give some seats to someone recommended by Renault.”

Earlier this week, Renault boss Jean-Dominique Senard said that he was confident that his company and Nissan would reach an agreement on the composition of the Japanese automaker’s main board committees. He also said that he would support Nissan’s governance reform if they allowed Renault to have two representatives on the board.

Also Read: Renault Boss Promises To Patch Up Relations With Partner Nissan

Initially, Nissan had only offered to let Senard sit on the committees, with Renault demanding that its CEO Thierry Bollore would also be given a role.

“There is still a gap … both sides need to make concessions. The question is whether they can narrow [that gap],” said another source familiar with what’s happening.

Meanwhile, it’s also being reported that Nissan has recommended that JXTG (a leading fuel distributor) adviser Yasushi Kimura should become chairman of its board of directors.