In 1996, Renault set up the Shareholders' Consultative Committee, consisting of 12 members, each appointed for four years, with half of the members replaced every two years. The Committee is now composed of nine members, appointed for three years, with half of the members replaced every three years.
The Committee meets four times a year to advise the Company on all aspects of communication to individual shareholders, on the share, the groups’ results and its strategy.
Two new members joined the Committee in 2014: Mrs. Yolande Ricart and M. Frédéric Velsch, who will replace M. Claude Samuel.
They join the five other members Renault has now worked with on a number of information media: Mrs. Françoise de Saint Sernin, Mrs. Agnès Morin (Renault employee), M. Bertrand Pimort, M. François Beal, M. Jacques Valin (retired Renault employee), M. Jean Guerin, M. Eric Maudieu and M. Claude Samuel.
In 2014, the Committee will meet on March 6, April 30 and other dates to be confirmed.
From left to right: François de Saint Sernin, Eric Maudieu, Jacques Valin, Jean Guérin (up), François Beal, Agnès Morin, Bertrand Pimort (bottom)
The Committee offers shareholders an opportunity to show their long-term commitment to the Group.
For Françoise de Saint Sernin, members of the Shareholders’ Consultative Committee have several missions, including "giving advice on the different communication media while taking shareholder diversity into account; increasing shareholder loyalty by providing the right tools to better understand the company; listening carefully to shareholders and informing the management team of their interests, expectations and concerns."
Since it was set up in 1996, the Committee has been consulted on and has helped to improve all Renault's financial communication resources - a source of great satisfaction to its members.
Committee recommendations have led to significant improvements in the financial information section of the website, the shareholders' newsletter, the documents convening the AGM, and the annual report.