Governance Structure: Renault Sa and Governance Committees

governance structure: The committee's seven members will issue their findings later Wednesday, the 20th anniversary of the Japanese carmaker's alliance with Renault SA that brought the executive to Nissan. ; Once Nissan's board accepts the measures, it will have a governance structure that calls for decision-making based on consensus instead of the whim of one person, according to The Japan Times. Among the panel's proposals may be a recommendation to create separate governance committees to oversee nomination, audit and remuneration, with the majority of each body made up by independent directors, a person with knowledge of the proposals has said. For the past three months, an external panel has been working on recommendations following the arrest of former Chairman Carlos Ghosn on charges of financial wrongdoing. Nissan didn't have any committees whatsoever, it was just Carlos Ghosn deciding it, said Zuhair Khan, an analyst at Jefferies Inc. in Tokyo. As chairman of Renault, Nissan and Mitsubishi, Ghosn enjoyed unprecedented power. There needs to be a clear feeling that what is done is correct, and it has to be evaluated by people who have no conflict of interest. (news.financializer.com). As reported in the news.