RNBV's internal organization suggests serious deficiencies in terms of financial transparency and expenditure control procedures. The Board of Directors has asked Management to work with Nissan to jointly remedy these deficiencies as soon as possible.
Certain expenses which have yet to be precisely quantified, but may amount to several million euros since 2010, raise serious questions as to their conformity with RNBV's corporate interest ("intérêt social").
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Renault on Ghosn resignation – the Renault Board of Directors, during today's meeting, acknowledged the decision of Mr. Carlos Ghosn to resign from his office as director on the date of the Shareholders' General Meeting ruling on the financial statements for the 2018 financial year, scheduled on June 12th, 2019. Mr. Carlos Ghosn also resigned from his office as member of the Management Board of Renault-Nissan BV on February 28th, 2019.
Besides, the Board of Directors has decided, upon recommendation of the Appointments and Governance Committee, to propose to the Shareholders' General Meeting of June 12th, 2019, the appointment of Mrs. Annette Winkler, as independent director, in replacement of Mrs. Cherie Blair, whose term expires.
In addition, the Board of Directors noted that the term of Mr. Philippe Lagayette, lead independent director, expires at the end of the Shareholders' General Meeting of June 12th, 2019 and cannot be renewed due to him reaching the age limit provided for in the articles of association of the Company. The Board of Directors has nevertheless decided to keep a lead independent director to be appointed by the Board on June 12th, 2019.
It is also reminded that the Shareholders' General Meeting of June 12th, 2019 will rule on the ratification of the appointments of Mr. Thomas Courbe and Mr. Jean-Dominique Senard, made on a provisional basis respectively on October 5th, 2018 and January 24th, 2019.
As a result, at the end of the Shareholders' General Meeting of June 12th, 2019, the Board of Directors will be composed of 18 members, subject to the adoption of the resolutions submitted to the Shareholders' General Meeting.
Carlos Ghosn was arrested early Thursday morning again in Japan.