The Remunerations Committee1 carried out a wide consultation of Renault’s shareholders under the supervision of the Remunerations Committee’s chairman, Mr. Patrick Thomas.
Such consultation was intended to follow up on the negative vote on the say on pay at the Shareholders’ General Meeting of last April 29.
It emerges that:
Renault’s Board of directors thanks all the shareholders for their constructive contribution. It has therefore decided on the following modifications:
In addition, Carlos Ghosn informed the Board of Directors of his personal decision to dedicate 1 M€ each year out of his variable remuneration as Chairman and Chief Executive Officer to actions supported by the Renault Foundation.
Two primary actions shall be carried out in this respect:
Last, the Board approved the half-year accounts of Renault which will be released tomorrow, Thursday, July 28, at 7.30 am.
(1) The Remunerations Committee is composed of Alain Belda, Thierry Desmarest, Eric Personne, Marc Ladreit de Lacharrière and Patrick Thomas.
More information about Renault Chairman and Chief Executive Officer’s remuneration for the 2016 financial year is available on: group.renault.com