Nissan proposing more board members, with Renault’s Bollore

  • bizline

May 19, 2019-

TOKYO: Nissan proposed Friday adding Renault’s chief executive, Thierry Bollore, to its board, as well as several outsiders, to strengthen its governance following the arrest of its former chairman, Carlos Ghosn. The Japanese automaker’s proposals will be put to a shareholder vote at a meeting set for June. Yokohama-based Nissan Motor Co. said it will retain Hiroto Saikawa as its chief executive and a board member. It also wants to add Sony Interactive Entertainment’s former chairman, Andrew House, and Nihon Michelin Tire’s chairman, Bernard Delmas, to the board. Nissan’s proposal calls for an 11-member board, including seven outside directors. The board now has eight members, including Jean-Dominique Senard, chairman at French alliance partner Renault SA, who was approved by shareholders earlier this year. Ghosn is facing financial misconduct charges. He says he is innocent. A Nissan governance committee set up after Ghosn’s arrest recommended adding more independent outside directors to oversee the company’s compensation and auditing. (AP)

Published: 19-05-2019 09:38

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