Renault shareholders reject 'one share, one vote'

A labour council representative holds a facsimile 500 euros note with the portrait of Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, before the French carmaker Renault's shareholders general meeting in Paris, France, April 30, 2015. REUTERS/Benoit Tessier

PARIS (Reuters) - Renault RENA.PA shareholders on Thursday rejected proposals backed by Chief Executive Carlos Ghosn to opt out of double-voting rules that stand to boost the French government's influence over the carmaker.

Shareholders voted by 39.4 percent against the “one share, one vote” resolution, enough to prevent the board’s proposal from commanding the required two-thirds majority. Some 60.5 percent of shares represented at the annual meeting were voted in favour.

Reporting by Laurence Frost. Editing by Jane Merriman