The government had in fact raised their veto at the annual salary of Carlos Ghosn, or € 7.2 million. In passing, the board of directors of Renault has pushed the government to vote on a new law of modernization of the economic life which gives more powers to the shareholders. They will be able to reject the compensation of the officers, a decision that will have to comply with the board of directors.
But the act does come into full effect in 2018 ; for the next year, shareholders will reject the formula, but not the amount. Carlos Ghosn is starting to prepare the ground : in an interview with Reuters, he explained that the compensation of top executives responding to a ” business logic related to the global competition “. He is also CEO of Nissan and Mitsubishi may well lead to new controversy.