Annual report 2005 - Dexia.com

Annual Report 2005The Management Boardof Dexia SAMembershipThe Management Board is composed of amaximum of eight members. It is chairedby the Chief Executive Officer, to whomthe Board of Directors has entrusted thedaily management of Dexia. The membersof the Management Board, other than theChief Executive Officer, are appointed anddismissed by the Board of Directors on therecommendation of the Chief Executive Officerand on the advice of the Management Board.Members are appointed for a term of fouryears, which may be renewed.ResponsibilitiesThe Management Board is charged with themanagement of the company and of the DexiaGroup, for which it manages and coordinatesthe different business lines, in the contextof the strategic objectives and the generalpolicy defined by the Board of Directors. TheManagement Board is chaired by the ChiefExecutive Officer, who is charged by the Boardof Directors with the daily management ofthe company. In addition, he ensures theexecution of the decisions taken by the Boardof Directors.Information on the operation of the ManagementBoard and, in particular, its internal rules,responsibilities, decision-making process and meetingschedules is presented in the Annual Report - Accountsand Reports on page 34.Management Board as of January 1, 2006ChairmanAxel MILLER• Chief Executive Officer• Member of the Management Board of Dexia Bank Belgium• Member of the Management Board of Dexia BanqueInternationale à Luxembourg• Member of the Management Board of Dexia Crédit Local• Director of Financial Security Assurance Holdings Ltd (FSA)(since February 16, 2006)Vice ChairmanJacques GUERBER• Member of the Management Board of Dexia Bank Belgium• Member of the Management Board of Dexia BanqueInternationale à Luxembourg• Member of the Management Board of Dexia Crédit Local(Chairman until January 11, 2006)• Director of Financial Security Assurance Holdings Ltd (FSA)MembersRembert von LOWIS• Member of the Management Board of Dexia Bank Belgium• Member of the Management Board of Dexia Crédit Local(since January 10, 2006)• Director of Financial Security Assurance Holdings Ltd (FSA)• Member of the Supervisory Board of Dexia Crédit Local(until January 10, 2006)• Director of Dexia Banque Internationale à Luxembourg(until March 7, 2006)Dirk BRUNEEL• Member of the Management Board of Dexia BanqueInternationale à Luxembourg• Member of the Management Board of Dexia Crédit Local• Chairman of the Management Board of Dexia Bank Nederland• Director of Financial Security Assurance Holdings Ltd (FSA)Xavier de WALQUE• Member of the Management Board of Dexia Bank Belgium• Member of the Management Board of Dexia BanqueInternationale à Luxembourg117