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Corporate governance<br />
Activities of the Board Committees<br />
Annual General Meeting of Shareholders<br />
on April 29, <strong>2005</strong>.<br />
Since its meeting of April 29, <strong>2005</strong>, the Board of Directors<br />
has counted four specialized committees.<br />
The Accounts and Audit Committee<br />
Chaired by Robert Studer, the Committee's other<br />
members are Alain Champigneux, Charles de Croisset,<br />
Dominique de La Garanderie, Jean-Louis Girodolle<br />
and Jean-Claude Paye. Four are independent directors.<br />
In <strong>2005</strong>, the Committee met four times and reviewed<br />
consolidated financial statements and the single-entity<br />
financial statements of <strong>Renault</strong> SA for 2004 and the first<br />
half of <strong>2005</strong>, considering the methods applied for the switch<br />
to IFRS for 2004 consolidated financial statements,<br />
together with the financial impact of the change. It also<br />
considered the dividend to be proposed in respect<br />
of the <strong>2005</strong> financial year, fees of Statutory Auditors<br />
and their organizations, the internal audit plan and Group<br />
taxation management.<br />
The Remuneration Committee<br />
Chaired by Franck Riboud, the Committee's two other<br />
members are François de Combret and Marc Ladreit<br />
de Lacharrière. All three are independent directors. In <strong>2005</strong>,<br />
the Committee met twice and considered the stock<br />
option program for the year, as well as the remuneration<br />
of the Chairman of the Board, the President and CEO<br />
and members of the Executive Committee.<br />
The Appointments and Governance Committee<br />
Chaired by Louis Schweitzer, the Committee's two other<br />
members are Marc Ladreit de Lacharrière and Dominique<br />
de La Garanderie, both independent directors. In <strong>2005</strong>,<br />
the Committee met twice and its principal concerns<br />
included the composition of the Board of Directors,<br />
the Board's new internal regulations reflecting changes<br />
in governance and reorganization of independent<br />
directorships on the basis of criteria set out in the joint<br />
report of business associations AFEP and MEDEF.<br />
The International Strategy Committee<br />
Chaired by Henri Martre, the Committee's other<br />
members are Georges Stcherbatcheff, Yves Audvard,<br />
Michel Barbier, Bernard Larrouturou, and Jean-Claude<br />
Paye, of whom two are independent directors. In <strong>2005</strong>,<br />
the Committee met once to consider <strong>Renault</strong>'s position<br />
in China and the Mercosur countries, as well as the Logan<br />
program.<br />
<strong>2005</strong> <strong>Renault</strong> Annual Report<br />
15
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