Fiat/Renault Eye Improved Governance with Independent Board -- ESG Insight
May 29 2019 - 1:05PM
Dow Jones News
12:35 ET - Fiat Chrysler says it would seek a majority
independent board for the future company, with Renault following
better corporate governance practices. Strong governance is likely
to play a key role in the terms of a potential merger, given the
heavy scrutiny that the automotive industry has faced lately,
linked to environmental issues (Volkswagen and Mercedes) and
governance scandals (Renault and Nissan). Board independence and
strong corporate governance are key elements for ESG investors and
deals like these, if successful, may help improve the current
negative sentiment tied to the auto industry.
(goncalo.lousada@dowjones.com)
(END) Dow Jones Newswires
May 29, 2019 12:50 ET (16:50 GMT)
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