Accounts and audit committee

This Committee has six members: Philippe Lagayette in the chair, Alain Champigneux, Charles de Croisset, Dominique de La Garanderie, Rémy Rioux and Jean-Claude Paye. Four of the six are independent directors.
The Committee met four times in 2007 and the attendance rate was 100%.

In compliance with French legal and regulatory requirements, the Accounts and Audit Committee dealt with the following matters in particular:
• the Group’s consolidated financial statements and Renault SA’s individual financial statements for 2006 and first-half 2007;
• the dividend to be proposed for FY 2007;
• the examination of the fees paid to the Statutory Auditors and their network and their compliance with the Auditors’ Charter, which governs their work;
• the 2006 balance sheet and the analysis of the 2007 internal audit plan; methods for analyzing risk in the Group;
• the deployment and activity of the Compliance function.

The Committee also made a self-assessment of its own organization and operating procedures based on the Spencer Stuart survey used for the in-depth assessment of the Board of Directors in 2004. In general, the Committee acknowledges the high standard of its organizational structure and operating procedures. Nevertheless, it would like to be informed in advance of the working programs of the other Committees.

The Committee’s examination of the financial statements was accompanied by a presentation from the Auditors describing the highlights of their engagement and their conclusions, as well as the accounting policies used and the main regulatory developments in this area. In addition, the Chief Financial Officer submitted a memo describing the company’s risk exposures and off-balance sheet commitments.
Rémy Rioux was appointed to the Accounts and Audit Committee at the Board meeting of February 28, 2007, replacing Jean-Louis Girodolle.

Remuneration committee

The Committee has three members, all of whom are independent directors: Franck Riboud in the chair, Thierry Desmarest and Marc Ladreit de Lacharrière.
The Committee met two times in 2007 and the attendance rate was 100%.

The main items on its agenda were:
• the provisional plan for grants of stock options and bonus shares for 2008 and for the Renault Commitment 2009 plan;
• the remuneration of the Chairman, President and CEO, and members of the Executive Committee.

Appointments and Governance committee

This Committee has three members: Louis Schweitzer in the chair, Marc Ladreit de Lacharrière and Dominique de La Garanderie. Two of the three members are independent directors.
The Committee met twice in 2007 and the attendance rate was 100%.

The main items on its agenda were:
• the composition of the Board and an deep assessment of its functioning;
• a revision of the list of independent directors in accordance with AFEP/MEDEF criteria;
• a succession plan for Renault’s directors, in accordance with good governance practices;
• a proposal to reduce the term of offi ce of directors elected by employees or employee shareholders from six to four years.

International strategy committee

This Committee has six members: Jean-Claude Paye in the chair, Yves Audvard, Michel Barbier, Jean-Pierre Garnier and Georges Stcherbatcheff. Two of the six members are independent directors.
Catherine Bréchignac was appointed to the International Strategy Committee at the Board meeting of February 28, 2007, replacing Mr. Larrouturou.
The Committee met twice in 2007 and the attendance rate was 100%.

The main items on its agenda were:
• using Renault and Nissan’s information systems to assist international growth;
• the Chinese automobile market.