The Board of Directors
Renault is governed by a Board of Directors comprising 19 members:
• 13 directors appointed by the Annual General Meeting of Shareholders;
• 2 directors appointed by administrative order, representing the French state;
• 3 directors elected by employees;
• 1 director appointed by the Annual General Meeting of Shareholders at the recommendation of shareholder employees.
In accordance with the AFEP/MEDEF Code, a director is qualified independent if he has "no relationship of any kind with the company, its group, or its management liable to compromise the exercise of its freedom of judgement".
On April 30, 2014, the Board of Directors has drawn up the following list of 10 independent directors: Mrs de La Garanderie, Mrs Sourisse, Mr Belda, Mr de Croisset, Mr Thomas, Mr Desmarest, Mr Garnier, Mr Lagayette, Mr Riboud and Mr Ladreit de Lacharrière.
Five special committees have been formed to carry out in-depth analysis of specific issues addressed by the Board. The chairs of these committees report to the Board on their findings.
The Renault group has an active risk management policy. The aim is to anticipate and control as far as possible the risks arising from its activities and international development.
The Renault group’s accounts are audited by several audit firms.