Annual report 2006 - Dexia.com

HUMAN RESOURCES
amount of the member of staff’s initial investment is guaranteed.
The innovation in 2006 was the introduction of a click
option enabling any gain which might be observed from one
year to the next to be frozen at points of time predetermined
in the plan. In that way Dexia is able to offer its members of
staff different investment profiles corresponding to the diversity
of all their financial approaches.
EVOLUTION OF EMPLOYEE SHAREHOLDING
At the end of these two major operations, considering the
fact that a capital increase took place during the year for the
financing of the acquisition of DenizBank, Dexia members of
staff held more than 49.6 million shares, or 4.27% of the
capital as of December 31, 2006.
FOSTERING THE SOCIAL DIALOGUE
MANAGEMENT REPORT
The European Works Council (EWC) of Dexia has 28 permanent
and 26 substitute staff representatives from 10 entities
of Dexia with more than 150 staff members.
2006 was a very busy year for the European Works Council:
• with three plenary meetings;
• with three extraordinary meetings: one on the acquisition of
DenizBank, one on the new organization and one on the new
strategy of the Group;
• with several preparatory meetings between the staff members
preparing the plenary and extraordinary meetings;
• with nine Board meetings together with the HR management
of the Group. The EWC Board consists of seven members
of the EWC who take day-to-day responsibility for the
EWC between plenary meetings;
• with a broadening of the social scope by the visit of the
EWC Board to Dexia banka Slovensko.
Social dialogue was intensive not only at Group level. A
number of entities concluded collective agreements between
the management and the staff representatives in 2006. No
fewer than 42 different collective agreements were concluded
throughout 12 entities with a staff representative structure
in place. These agreements dealt mainly with compensation,
statutes, shareholding, union rights and working time.
Dexia also chose to transfer the IT infrastructures of Dexia
Bank Belgium and Dexia Banque Internationale à Luxembourg
to a new company called Associated Dexia Technology Services.
The transfer of the staff members of both entities was
negotiated together with the staff representatives.
COMPTES CONSOLIDÉS
COMPTES SOCIAUX
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