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TOKYO -- Nissan Motor CEO
and
President Hiroto Saikawa
called Renault's decision to,
in effect, block
the Japanese automaker's reform plans
on corporate governance
"most
regrettable," exposing
the strong distrust brewing
between the two
alliance partners.
Nissan has "no other option"
but to pursue a governance
structure that would see three
specialist committees deciding
matters of
nominations,
remuneration and auditing,
Saikawa told Nikkei in an
interview Monday.
Renault has told Nissan that
it would abstain from voting
on the motion
at an upcoming shareholders meeting, a de facto blocking of the motion
since
Nissan needs a two-thirds vote
from shareholders to press ahead.
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