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BOARD OF DIRECTORS

Renault is governed by a Board made up of 18 members:

 

  • 14 directors appointed by the annual General Meeting of Shareholders
  • 3 directors elected by the personnel
  • 1 director appointed by the annual General Meeting of Shareholders at the recommendation of employee shareholders

Nine of the board members are independent directors as defined by the AFEP/MEDEF report, in that they have "no relationship of any kind with the company, its group, or its management liable to compromise the exercise of its freedom of judgement".

Business of Renault Board 

    The Board of Directors met seven times in 2008. Meetings lasted an average of three hours, with the exception of the meeting devoted to strategy, which lasted a whole day. The attendance rate was 86.5%.

     

    The Renault board collectively represents all shareholders and reports on this mission to the Annual General Meeting of Shareholders.

     

    The Board’s main tasks are:

     

  • Close annual and half-year accounts
  • Prepare the Annual General Meeting
  • Determine Renault strategy
  • Control company management and oversee the quality of information provided to shareholders, and markets, through accounts, and as required on very important operations
  • Proceed, as required, with examining the composition of the board, and carry out a yearly examination of its organization and operation; set the remuneration of corporate officers.

More information 

How long is a director’s term of office?

 

Directors serve for four years. (This also applies to directors elected by personnel and the director appointed by the annual General Meeting of Shareholders at the recommendation of employee shareholders, since the General Meeting of 29 April 2008.)

 

What is the average age of the administrators?

 

60.5

 

What are the qualities that Renault expects of its directors?

 

Experience with the company and the automotive industry, personal commitment to the work of the Board and its committees, a sound grasp of business and finance, courage to express minority opinions, international vision, integrity and loyalty.

 

Bylaws and Directors' Charter

 

In accordance with the recommendations of the 1995 Viénot report on corporate governance in France, which was supplemented by a second report published in July 1999, Renault's Board of Directors in 1996 adopted a system of bylaws and specialized committees.

 

Directors' fees 

The Annual General Meeting may allocate directors' fees, the amount of which remains fixed until otherwise decided.