TOKYO, June 25 (Xinhua) -- Nissan Motor's shareholders approved a new management plan on Tuesday, which will give the automaker's French partner, Renault, more influence.
Nissan agreed to be more transparent by increasing the number of outside board members from three to seven. Meanwhile, the shareholders agreed to reappoint Hiroto Saikawa as president and CEO.
Nissan also plans to establish an oversight committee for board nominations and two other committees for auditing and executive compensation.
The two companies have agreed on Renault executives having positions on the new committees, ending an earlier squabble over the posts.
Renault had earlier said it might abstain from voting, saying it was underrepresented in Nissan's plan. However, it changed its mind after Nissan agreed to its requests.
