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 February 11th, 2016, the Board of Directors approved a list of 10 independent directors.
Further to the Annual General Meeting of April 29th, 2016, the list of 10 independent directors is: Mrs. Blair, Mrs. de La Garanderie, Mrs. Qiu, Mrs. Sourisse, Mr. Belda, Mr. Desmarest, Mr. Ladreit de Lacharrière, Mr. Lagayette, Mr. Riboud and Mr. Thomas.
Four special committees have been formed to carry out in-depth analysis of specific issues addressed by the Board. From April 2016, the International Strategy Committee and the Industrial Strategy Committee merged in order to optimize and in-depth the work of this Committee. The Committees provide advices which are reported to the Board of Directors by their Chairman.
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.