Nissan sees conflict of interest if Renault director joins reform teams: source

FILE PHOTO: A Nissan emblem is pictured in the course of the media day for the Shanghai auto present in Shanghai, China, April 16, 2019. REUTERS/Aly Song/File Photo

PARIS (Reuters) – Nissan Motor Co believes that makes an attempt by Renault SA to put one of its administrators on Nissan’s deliberate governance reform committees could result in a conflict of interest, a source with information of the difficulty instructed Reuters on Monday.

Renault, which owns 43.four% of Nissan, knowledgeable its Japanese affiliate in a letter signed by Chairman Jean-Dominique Senard that it deliberate to abstain in a shareholder vote on the plans, the Financial Times reported on Sunday.

Renault has signaled it would block reforms launched by Nissan within the wake of the Carlos Ghosn scandal except it’s granted illustration on new board committees, a source near the French automotive maker has instructed Reuters.

Nissan was not instantly out there for touch upon the difficulty.

Reporting by Laurence Frost; Editing by Muralikumar Anantharaman

Our Standards:The Thomson Reuters Trust Principles.

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