Governance structure
other affiliated company, listed on Euronext Paris). Voting rights ownership ratio: 17.12% held directly, 18.75% included in the aggregate calculation, for a total of 35.87%.
When one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
No changes from the previous disclosure are stated. The document explains that the parties agreed on 31 March 2025 to revisions to the new alliance agreement, setting mutual lock-up obligations at 10% and granting the right to reduce their respective holdings to 10%.
| Item | Details |
|---|---|
| Controlling shareholder | Renault S.A. (other affiliated company, listed on Euronext Paris). Voting rights ownership ratio: 17.12% held directly, 18.75% included in the aggregate calculation, for a total of 35.87%. |
| Changes this time | No changes from the previous disclosure are stated. The document explains that the parties agreed on 31 March 2025 to revisions to the new alliance agreement, setting mutual lock-up obligations at 10% and granting the right to reduce their respective holdings to 10%. |
Items this document does not state (6)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Because Renault S.A. is an other affiliated company, the company disclosed matters concerning controlling shareholders, etc. The company explained that there is no risk of a conflict of interest with general shareholders and that independence is ensured because independent outside directors comprise a majority of the Board of Directors and an independent outside director serves as chair.