Renault Again Seeks Nissan Shareholder Meeting

Economy

Tokyo, Dec. 27 (Jiji Press)--Renault SA has asked its alliance partner, Nissan Motor Co. <7201>, again to call a snap shareholder meeting after the Japanese automaker was indicted on charges of financial misconduct, informed sources said Thursday.

The French automaker first sent a letter to Nissan dated Dec. 14 calling on the Japanese company to hold an early shareholder meeting to discuss its governance.

Nissan's board rejected the request on Dec. 17, saying the company first needs to focus on its own discussions on ways to improve governance.

The Japanese company was indicted on Dec. 10 in connection with the alleged underreporting by former Nissan Chairman Carlos Ghosn of his compensation.

The alliance partners have been in dispute over who will succeed Ghosn as Nissan chairman. Nissan removed Ghosn as chairman on Nov. 22, days after he was arrested in Tokyo for allegedly understating his pay in the company's financial statements.

[Copyright The Jiji Press, Ltd.]

Jiji Press