Renault is an automobile manufacturer. Co.'s activities have been organized into two main business sectors, in more than 120 countries: Automotive and Sales Financing. Co. designs, develops and sells passenger cars and light commercial vehicles. Following the acquisition of Romanian carmaker Dacia and Samsung Motors' operating assets in South Korea, Co. has three automotive brands: Renault, Dacia and Samsung. RCI Banque, Co.'s captive financing arm, finances sales of the Renault, Renault Samsung Motors (RSM) and Dacia brands, and, in Europe, the Nissan and Infiniti brands. In addition to these two activities, Co. has equity investments in the following two companies: Nissan and AVTOVAZ.
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Renault Group: The Alliance’s model is evolving towards a more efficient and agile project-driven cooperation Press ReleaseSeptember 26, 2023 The Alliance’s model is evolving towardsa more efficient and agile project-driven cooperation Boulogne-Billancourt, September 26, 2023 Renault Group, Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation announced on February 6th a new chapter of their Alliance, aiming to reshape their collaborative model to make it more agile, and pave the way for improved competitiveness. This new scheme lays the foundations of a new balanced, fair, and eff...
Le 1er aout 2020, Pekka Lundmark a remplacé Rajeev Suri en tant que Directeur général. Nous recommandons l’opposition au rapport de rémunération (résolution 10) en raison des préoccupations suivantes :- Utilisation du résultat opérationnel non-IFRS comme indicateur de performance alors que le rapport annuel indique l'utilisation du " résultat opérationnel " (trompeur).- Indemnité de départ de 5,12 millions d'euros pour l'ancien Directeur général, M. Suri, .excessive - Absence de justification du golden Hello du nouveau Directeur général- Rémunération totale du Directeur général de 8,02 M€ (ho...
In item 4, shareholders are called to a binding vote on the remuneration policy for the Corporate Bodies. Overall remuneration amounts are reasonable, but we have serious concerns over the variable remuneration structure:- it exclusively depends on annual results, without a clear alignment with long-term interests of shareholders,- the percentage of annual bonus depending on qualitative assessments (50%) is above our voting policy limit of 20%,- individual weightings of quantitative KPIs are not disclosed,- the CEO's annual bonus is capped at 200% of his base salary, which is above our voting ...
In item 2.i, shareholders are called to a binding vote on the remuneration policy. All the performance criteria used to calculate variable remuneration are disclosed and long-term targets are quantified, but we regret that the criteria used to calculate the annual bonus are too generically disclosed. Furthermore, in our opinion the discretionary power of the Board to define the final bonus is excessive (40% of the bonus depends on qualitative assessments, plus the power to increase/decrease the final payment by 50% of the fixed remuneration). In addition, the CEO's variable remuneration is cap...
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