PARIS/YOKOHAMA, January 12 -- One of Renault boss Carlos Ghosn’s senior executives received an additional six-figure salary unknown to the carmaker’s board via the Dutch joint venture overseeing its alliance with Nissan, according to sources and documents seen by Reuters. Ghosn and Nissan senior director Greg Kelly, who are at the centre of a financial misconduct scandal engulfing the carmaking alliance, approved payments totalling 500,000 euros ($572,000) to Renault General Secretary Mouna Sepehri, who is responsible for corporate governance in her role as board secretary. There is nothing to suggest that the payments by Renault-Nissan BV (RNBV) were illegal or violated Renault-Nissan rules, but they highlight governance issues and potential conflicts of interest. Sepehri did not respond to Reuters requests for comment. “Individual compensation, while entirely justified, is not publicly disclosed, in accordance with the law,” a Renault spokesman said in a statement. “Renault would be outraged by any publication of an identified executive’s pay, which constitutes personal information.” Sepehri currently sits on the RNBV board with nine other Renault and Nissan executives, and is the only director who drew a compensation package directly from the subsidiary, according to the documents and a senior alliance executive. She received 200,000 euros in 2013 and 100,000 euros annually from 2014-16 in addition to her Renault pay, according to statements addressed to her each year and the minutes of a 2013 meeting at which Ghosn and Kelly ordered the payments “for the performance of her duties as a management board member”. “It’s important as a general rule that board secretaries avoid allowing themselves to be influenced by a CEO who might promise them remuneration through a subsidiary,” said Loic Dessaint, head of Proxinvest, a prominent shareholder advisory firm based in Paris.
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