Following the shareholders vote against Renault CEO Carlos Ghosn's EUR7.2m (US$8.3m) remuneration, French economy minister Emmanuel Macron said that the country would insist on reducing the payout.
He added that government likely would enforce limitations on lavish executive remuneration.
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Renault held a consultative vote on 29 April and the state, with its majority of voting rights at 18%, voted against Ghosn's pay package. However, the board overruled the state and decided to maintain last year's package, pledging to review its pay structure for 2016 and beyond.
Two board members from the government were always against Ghosn's compensation proposal, Macron said this week.
He added the government would seek to settle this with another board meeting, failing which they would enforce amendments.
Ghosn's pay package was fixed salary of EUR1.23m, variable pay of EUR1.78m, with additional bonuses, and second salary of 43.4% affiliate ownership in Nissan, totalling EUR8m.
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