Renault and Nissan reach agreement on boardroom seats
The concessions from Nissan to let Bollore on the audit committee came with strings attached. Nissan is placing restrictions on Bollore’s role in areas where the two companies might have a conflict of interest, people familiar with the matter said.
The move comes after demands by Senard for representation on the committees in return for approving Nissan’s overhauled governance structure plunged the two-decade-old partnership into crisis.
The partnership between Renault and Nissan has been strained since former leader Carlos Ghosn was arrested for suspected financial misconduct last year. Ghosn denies wrongdoing.