Nissan shareholders reject proposal to designate Renault as parent company By Reuters

TOKYO (Reuters) – Nissan (OTC:) Motor Co Ltd on Tuesday rejected a shareholder proposal at its annual general meeting (AGM) that would have led to the disclosure of a decades-old agreement with 43% stakeholder Renault SA (OTC:).

Ahead of the AGM, one investor proposed designating Renault (EPA:) as Nissan’s parent company which by law would force the publication of the agreement which stipulates the automakers’ capital and business alliance.