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Rabobank Annual Reports 2009

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Sort by: Interim Report 2010 Report 2009 Financial statements

Balance and sustainability in pay and benefits policy

Source: Interim Report 2010, chapter Working together towards a sustainable future, page 40

Rabobank has a prudent, restrained, sustainable pay and benefits policy that is in keeping with its identity as a cooperative and its associated focus on the long term.

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A new collective bargaining agreement

Source: Interim Report 2010, chapter Working together towards a sustainable future, page 41

In June 2010, a new collective bargaining agreement was concluded for the period from 1 February 2010 to 30 April 2011. This agreement covers some 42,000 employees working at local Rabobanks, Rabobank Nederland, Rabobank International, Orbay and Obvion.

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Banking Code

Source: Report 2009, chapter Corporate governance, page 66

On 9 September 2009, the Banking Code for the Dutch banks was adopted as binding by the Board of the Netherlands Bankers’ Association.

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Assessment and remuneration of the Executive Board

Source: Report 2009, chapter Report of the Supervisory Board of Rabobank Nederland, page 75

In 2009, the remuneration of the members and former members of the Executive Board of Rabobank Nederland amounted to EUR 9.9 (9.0) million.

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Employability

Source: Report 2009, chapter Employees, page 80

An organisation that changes as much as Rabobank needs to pay constant attention to employability from the perspective of both the employer and employees.

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Pension funds

Source: Report 2009, chapter Employees, page 81

Pension provisions relating to employees of the local Rabobanks, Rabobank Nederland, De Lage Landen, Schretlen & Co, Obvion and Rabo Real Estate Group are administered by the Rabobank pension fund.

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2.24 Employee benefits

Source: Consolidated Financial Statements 2009, chapter Notes to the consolidated financial statements, page 19

Rabobank provides various pension plans based on the local conditions and practices of the countries in which it operates.

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26 Employee benefits

Source: Consolidated Financial Statements 2009, chapter Notes to the consolidated financial statements, page 55

Overview employee benefits.

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45 Supervisory Board and Executive Board

Source: Consolidated Financial Statements 2009, chapter Notes to the consolidated financial statements, page 67

Rabobank regards the members of the Executive Board as managers with key positions.

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Banking Code

On 9 September 2009, the Banking Code for the Dutch banks was adopted as binding by the Board of the Netherlands Bankers’ Association, in response to the report entitled ‘Restoring Trust’ (‘Naar herstel van vertrouwen’) of the Advisory Committee on the Future of Banks in the Netherlands. Although the Banking Code did not come
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