Nissan: Renault and Committee

nissan: His demand for more committee representation came shortly after Nissan failed to support a merger between Renault and Fiat Chrysler Automobiles NV. ; The Japanese company will give Renault CEO Thierry Bollore a seat on the board's audit committee and Senard a position on the nomination committee key positions at the heart of decision making Nissan said in a statement Friday, according to The Japan Times. Renault now expects to support Nissan's resolutions during the investor meeting on June 25, people familiar with the matter said, asking not to be identified discussing the negotiations. The accord could help mend relations, which plumbed to new depths after Renault Chairman Jean-Dominique Senard threatened to abstain from voting on a governance plan at Nissan's annual meeting next week. The agreement reached on Renault's presence in Nissan's new governance confirms the spirit of dialogue and mutual respect that exists within the alliance, Renault said in a statement. The nomination committee will be chaired by Masakazu Toyoda, the lead independent outside director. Yasushi Kimura, an adviser to oil company JXTG Holdings Inc., will chair the board and Senard will become the vice chair. (news.financializer.com). As reported in the news.