Annual report 2006 - Dexia.com

GROUP PRESENTATION
GROUP ORGANIZATION
MANAGEMENT BOARD (1) –
ORGANIZATIONAL STRUCTURE
MANAGEMENT REPORT
COMPTES CONSOLIDÉS
BOARD OF DIRECTORS (1)
The Board of Directors of Dexia SA, chaired by Pierre Richard,
defines, on behalf of all the shareholders and on the recommendation
from or on the advice of the Management Board,
the strategy and the general policy of the Dexia Group. It controls
and orients the management of the Group and monitors
risks. The Board also ensures that its obligations to its shareholders
are properly met and accounts to the shareholders for
the exercise of its responsibilities.
(1) The composition, competences, responsibilities, operation and
compensation of the Board of Directors and its specialized committees as
well as of the Management Board are described in detail in the chapter
dealing with corporate governance in this Annual Report.
At the beginning of 2006, Dexia put a new organizational
structure in place with the aim, ten years after its creation, of
strengthening the integration of the Group. This had a twofold
objective: to define the Group’s strategy for the next ten
years and to adapt its modes of operation in order to rally all
staff members to the Group’s mission, values and development
plan.
At the end of the year, those objectives having been broadly
achieved and Dexia being set to move to the next stages, the
organizational structure was adapted, on three axes:
• a strong decision center at Group level, which ensures unity
of command and speed in decision-taking without unnecessary
intermediate management levels;
• robust local entities, close to their clients, active in the field,
and with a clear mandate to implement Group strategy on the
territory assigned to them;
• a framework which enables Dexia to make the best use
of all the skills in the Group, wherever they are, without
duplications.
COMPTES SOCIAUX
Group Management Board
1 / Alain Delouis
2 / Bruno Deletré
3 / Hugo Lasat
4 / Claude Piret
5 / Marc Huybrechts
6 / Jacques Guerber
7 / Axel Miller
8 / Xavier de Walque
9 / Dirk Bruneel
10 / Rembert von Lowis
1 2 3
4
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Dexia / Annual Report 2006