Nissan vows to repair Renault partnership to shareholders

Nissan pledged to put more focus on mending its troubled two-decade alliance with Renault as the Japanese carmaker’s boisterous shareholders voted to give the French partner more say over its future.

At Nissan’s rowdy annual meeting in Yokohama, bickering shareholders approved a governance structure designed to boost oversight and prevent the concentration of corporate power in one individual, seeking to address the lapses that led to the arrest of former chairman Carlos Ghosn. Renault, which owns 43% of Nissan, got a bigger representation in key board committees.