1. Missions of the Board of directors
The Board of Directors met seven times in 2017 (including three exceptional meetings). On average, Board meetings lasted for three hours, while one meeting lasted for an entire day.
The level of attendance was 91.88%.
The Renault Board collectively represents all shareholders and reports on this mission to the Annual General Meeting.
The Board’s main tasks are:
- determines, on a proposal by the Chief Executive Officer, Renault’s strategy.
- examines, every year, the medium-term plan and the budget.
- monitors the quality of the financial information published in particular in the form of accounts and on the occasion of significant transactions.
- discloses the Board’s opinion on the circumstances of transactions relating to the company's securities whenever the nature of such transactions so requires.
- meets once a year, in the absence of the Chief Executive Officer, to assess the latter's performance and determine his/her compensation.
- determines, every year, the list of directors deemed to be independent.
- at least once a year, discusses its operation and the operation of its committees, as well as the related annual evaluation.
- prepares and convenes the Annual General Meeting and decides on its agenda.
2. More information
How long is a director’s term of office?
Directors serve for four years (this also applies to directors elected by employees and the director appointed by the Annual General Meeting upon proposal of the employee shareholders).
What are the qualities that Renault expects of its directors?
- knowledge of the law governing "sociétés anonymes" (French public limited companies) and of the company's articles of association
- keep him/herself informed and to make enquiry to obtain the information he/she considers necessary to discharge his/her duties
- devote the time and attention necessary to the discharge of his/her duties
- notify the Board of Directors of any potential or actual conflict of interest with the company
- comply with the obligation of discretion and with insider trading regulations
- hold company’s shares.
Feminization of the Board of Directors:
The composition of the Board seeks to achieve a balance between experience, skills, independence and ethics, whilst maintaining balanced gender representative and recruitment diversity in line with the international nature of Groupe Renault. Thus, the Board is composed of seven women: Mrs. Barba, Mrs. Bensalah Chaqroun, Mrs. Blair, Mrs. Darmaillac, Mrs. Qiu, Mrs. Serizawa and Mrs. Sourisse.
Women directors have sat on Renault’s Board continually since 2003. Renault complies with Law n° 2011-103 of January, 27th, 2011 on the balanced representation of women and men on Boards of Directors and Supervisory Boards, and on professional equality. Following the Annual General Meeting on June 15, 2018, subject to favorable vote of the shareholders, the feminisation rate will be of 43.7%, higher than that required by law.
Bylaws, internal regulations and specialized committees
In accordance with the recommendations of the 1995 Viénot report on corporate governance in France, which was supplemented by a second report published in July 1999, Renault's Board of Directors in 1996 adopted a system of bylaws and specialized committees.
3. Press releases
- BOD release - 15 February 2018
- BOD release - 15 February 2018
- Groupe Renault release - 13 February 2018
- BOD release - 9 February 2017
- Press release - 13 December 2016
- BOD release - 11 December 2015
- BOD release - 6 November 2015
- BOD release 4 November 2015
- BOD Press release 7 October 2015
4. Renault: Executive Director compensation
- Achievement rate of the 2015 performance shares plan - June 15, 2018
- BOD Decision - February 15, 2018
- Achievement rate of the performance shares plan - June 15, 2017
- BOD Decision - February 9, 2017
- Components compensation of the CEO - July, 27th 2016
- Statement of the Chairman of the Remunerations Committee - May 3, 2016
- BOD release - April 29, 2016
- Remuneration of the extra performance of the financial criteria of CEO's variable portion - April 13, 2016
- Compensation Principles of Long - Term Incentive Plans - April 13, 2016
- BOD Decision - February 11, 2016
- Say on Pay approuved by the Annual General Meeting - April 30, 2015
- BOD Decision - February 11, 2015
- BOD Decision - December 12, 2014
- Say on Pay approuved by the Annuel General Meeting - April 30, 2014
- BOD Decision - February 12, 2014
- BOD Decision - July 25, 2013
- BOD Decision - February 13, 2013
- BOD Decision - December 13, 2012
- BOD Decision - February 15, 2012
- BOD Decision - December 8, 2011
- Amendment No. D11-0190-R01 to the 2010 Registration Document - 30 June, 2011
- BOD Decision - April 29, 2011
5. Nissan: executive director compensation
- Financial information for FY 2017
- Financial information for FY 2016
- Financial information for FY 2015
- Financial information for FY 2014
- Financial information for FY 2013
- Financial information for FY 2012
- Financial information for FY 2011
- Financial information for FY 2010
6. Directors' fees
The Annual General Meeting may allocate directors' fees, the amount of which remains fixed until otherwise decided.