2007 Interactive Registration Document - Renault

04 THE
CORPORATE GOVERNANCE
BOARD OF DIRECTORS
This c hapter describes the management and administration methods used
by Renault SA, a public listed company and parent of the Renault group.
The methods also apply to Renault s.a.s., the lead holding company for
Renault’s automotive and fi nancial businesses. Further to the Alliance with
4.1 THE BOARD OF DIRECTORS
Renault has carefully and continually analyzed the best corporate governance
practices described in the AFEP/MEDEF report, making every effort to incorporate
the report’s recommendations into its internal regulations (see “Supplemental
information”, c hapter 8.3.1).
Nissan, the senior management of Renault s.a.s. has transferred some of its
powers to the Alliance Board, without prejudice to the powers of the Board of
Directors and the shareholders. This Alliance-specifi c management method is
described in c hapter 1.3.2.2.
The internal regulations defi ne the role of the Board of Directors, who together
represent the company’s shareholders.
The internal regulations are accompanied by a charter that establishes the
rights and duties of members of the Board of Directors (see “Supplemental
information”, c hapter 8.3.2).
4.1.1 COMPOSITION AND OPERATING PROCEDURES OF THE BOARD OF DIRECTORS ✦
At December 31, 2007 the company was administered by a Board of Directors
composed of 18 members:
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fourteen directors appointed by the Annual General Meeting of
Shareholders;
three directors elected by employees;
one director elected by the Annual General Meeting of Shareholders on the
recommendation of employee shareholders.
4.1.1.1 BOARD OF DIRECTORS AT DECEMBER 31, 2007
DIRECTORS OFFICES/FUNCTIONS
Louis Schweitzer ✦
Chairman of the Appointments and Governance
Committee
Number of shares: 283,845 and 5,115 ESOP units
Age: 65
Date of first term: May 1992
Current term expires (AGM): 2009
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The term of offi ce of directors elected by the AGM with effect from 2002 is four
years. The employee-elected directors and the director appointed by the AGM
on the recommendation of employee shareholders serve a six-year term.
The Board of Directors appoints one of its members as Chairman. The Chairman,
who must be a natural person, can be re-elected.
Chairman of the Board
Current offices and functions in other companies:
France:
Chairman of the Supervisory Board: “Le Monde”
Chairman: Haute Autorité de Lutte contre les Discriminations et pour l’Égalité (HALDE)
Director: BNP Paribas, Électricité de France, L’Oréal, Veolia Environnement
Chairman of the Board: Festival d’Avignon, Société des Amis du Musée du Quai Branly, Cercle de l’Orchestre de Paris
Member of the Consultative Committee: Banque de France, Allianz
Member of the Board of public-interest institutions or associations: Fondation Nationale des Sciences Politiques, Institut Français des
Relations Internationales, Musée du Louvre, Musée du Quai Branly
Abroad:
Chairman of the Board: AstraZeneca
Director: AB Volvo
Vice-Chairman of the Supervisory Board: Philips
Offices or functions in the past five years no longer held:
Director: Cie Financière Renault, RCI Banque, Chairman of the Supervisory Board, Renault-Nissan b.v.
Chairman, MEDEF International
130 Registration Document Renault 2007
Find out more at www.renault.com
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