2007 Interactive Registration Document - Renault

04 THE
CORPORATE GOVERNANCE
BOARD OF DIRECTORS
The mean age of incumbent directors is 60.5. Each director must own at
least one registered share 13 . However, administrative regulations forbid the
directors appointed by the French state from owning shares as government
representatives.
The directors are not related by family ties.
To Renault’s knowledge, none of its directors or senior managers has been
convicted of fraud in the past fi ve years. None of the directors has been involved
as an executive in bankruptcy, receivership or liquidation proceedings in the
past fi ve years, and none has been charged or sanctioned by a statutory or
regulatory authority. None of the directors has been barred by a court from
serving as a member of the board of directors or of the supervisory board of
a securities issuer or from serving as a manager or offi cer of an issuer in the
past fi ve years.
To Renault’s knowledge, there are no confl icts of interest between the directors’
private interests and their duties towards the C ompany.
Expiration of terms of office
CURRENT TERM EXPIRES DIRECTOR
2008 Mr Audvard (1)
Mr Barbier (1)
Mrs Bréchignac
Mr Champigneux (1)
Mr de Combret
Mr de Croisset
2009 Mr Koeda
Mrs de La Garanderie
Mr Schweitzer
Mr Stcherbatcheff (1)
2010 Mr Ghosn
Mr Ladreit de Lacharrière
Mr Paye
Mr Riboud
Mr Saikawa
2011 Mr Lagayette
Mr Martre
Mr Rioux
(1) Directors elected by employees and the director-elected employee shareholders are appointed
following election by the relevant college
(13) Percentage of Renault’s capital held by the directors: 0.17%.
4.1.1.2 THE BOARD OF DIRECTORS
IN 2007
The Board of Directors met seven times in 2007.
Meetings lasted an average of three hours. The attendance rate was 87%.
The Board gave its opinion on all business placed on its agenda pursuant to
the legal and regulatory requirements in force in France. On the main matters,
the Board took the following action:
ACCOUNTS AND BUDGET:
n approved the Group’s consolidated fi nancial statements and the individual
fi nancial statements of Renault SA and Renault s.a.s. for 2006, approved the
consolidated fi nancial statements for fi rst-half 2007, and set the dividend to
be proposed to the Annual General Meeting (AGM);
adopted the 2008 operating and investment budget.
CORPORATE GOVERNANCE:
n conducted a thorough self-assessment of its operating methods and decided
on the defi nition of independent director;
adopted the Chairman’s report on internal control procedures;
adopted the Code of Good Conduct and the Rules of Compliance that provide
for the position of Compliance Offi cer and endowed the C ompany with a
professional warning system;
reviewed the sponsorship activities of Renault and its subsidiaries;
approved the plan for grants of stock options and bonus shares for 2008
and for Renault Commitment 2009;
analyzed and approved the answers to shareholders’ questions ahead of
the AGM.
GROUP STRATEGY:
n discussed Renault’s strategic guidelines, in accordance with the internal
regulations;
approved the signing of an MOU on an industrial complex to be built near
Tangiers;
approved the signing of an MOU on a partnership with AvtoVAZ, Russia’s
leading carmaker;
reviewed progress on Renault’s facility in India.
134 Registration Document Renault 2007
Find out more at www.renault.com
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