In this respect, as of early April and in accordance with the Audit, Risks and Ethics Committee’s proposal, the Board of Directors requested Renault’s executive management to reach out to Nissan with a view to reaching an agreement between the shareholders on corrective measures to be implemented by the end of this year.The findings of the Joint Audit Mission have also confirmed the concerns arising in relation to a certain number of expenses incurred by RNBV for a total amount that is in the region of EUR11 ($12.3) million. This amount includes various types of expenses, i.e.:
- air travel expenses for Ghosn;- certain other expenses incurred for Ghosn; and
- gifts to non-profit organizations.
In light of these findings and, in addition to those measures decided during its meeting of April 3, 2019, the Board of Directors has resolved to ask Renault’s representatives to make contact with their counterparties from Nissan forming the governing bodies of RNBV, for the implementation of any legal actions available in The Netherlands in respect of Ghosn’s extra costs of air travel and other expenses incurred for Ghosn as well as exploring recovering from Ghosn gifts made to some non-profit organizations.