In order to safeguard the legitimate rights and interests of Renault shareholders, the three agencies asked the French market regulators on the Renault Nissan CEO Carlos Ghosn conduct a conflict of interest investigation, and accused of its decision-making power by Renault quietly transferred to Renault Nissan, in violation of the automobile manufacturing alliance The provisions of the corporate governance system.
According to foreign media reports, the three agencies asked the French market regulator - AMD on Renault Nissan CEO Carlos Ghosn conduct a conflict of interest investigation, and pointed out that Gön may be suspected of violating the provisions of the automobile manufacturing alliance corporate governance system The The three institutions are designed to safeguard the legitimate rights and interests of Renault investors (shareholders).
Proxinvest, a leading French consultancy, advises investors to vote on the governance of Renault's Nissan.
The US rights agency CtW will be up to 24 pages of the Renault Nissan survey report submitted to the French financial market management.
The joint venture of the assessment report also includes RAIR, a French pension fund custodian association. RAIR stated in detail in the report that Renault had transferred the decision-making power to Renault Nissan Co., Ltd. and Renault did not comply with the renewal procedures established in 2012 (valid for 10 years) in the absence of a proper way to inform the shareholders.
For Ghosn, he is currently in a sensitive period, his remuneration program was rejected by shareholders in 2016, this year's June 15 will be held at the annual general meeting, a new round of voting. At this point, the three agencies asked him to carry out the relevant investigation.
The report also pointed out that because Gordon is also a multi-career, there is a conflict of interest. Ghosn is not only the chairman and chief executive officer of Renault, but also served as chairman of Mitsubishi Motors and Nissan president. In addition, he also served as the Nissan CEO, until the beginning of this year only to retire.
"We think there is an urgent need to conduct a survey of Ghosn in order to safeguard the rights of Renault shareholders," said Dent Wiesnig, executive director of the CtW Investment Group.
The investigation letter wrote that the decision-making power in 2002 from the Renault quietly transferred to the Renault Nissan, Renault did not have a sound corporate governance mechanism, nor the protection of the rights of Renault shareholders mechanism, but did not conduct a regulatory review.
Ghosn is also facing a conflict of interest accusations, to a certain extent, because the French government in April 2015 did not inform Ghosn in the case of holding the Renault shares, caused by Gönn and the French government struggle between the rights. At that time, the French Minister of Economy (now the French president) Emmanuel Mark Long layer repeatedly to Ghosn pressure, with a view to explore the prospect of mergers to ensure the interests of the government, but was Ghosn's strong refusal.
