Annual report 2010 - Dexia.com

Declaration of corporate governanceDeloitte(in EUR)Services renderedto Dexia SAServices renderedto the Dexia Group(consolidated amounts)a) Audits of the financial statements 200,400 7,448,981 (1)b) Certification work 184,531 (2) 637,134c) Tax advice - 20,727d) Due diligence - -e) Other work (not certification) 21,328 257,764Total 406,259 8,364,606(1) This amount includes EUR 113,747 in fees relating to additional non-budgeted tasks.(2) This amount essentially includes certification in the grant of the State guarantee.External controlStatutory AuditorIn accordance with Article 14 of the articles of associationof Dexia SA, the control of the company’s financial situationand annual financial statements is entrusted to one or moreauditors who are appointed by the Shareholders’ Meeting fora maximum of three years on the recommendation of theBoard of Directors.Since 1 January 2008, the function of legal control of thefinancial statements of Dexia SA has been in the hands ofDeloitte – Reviseurs d’entreprises SC s.f.d. SCRL, a companyrepresented by Messrs. B. De Meulemeester and F. Verhaegen,Statutory Auditors, replacing the previous auditors, fora term of three years, ending at the close of the Ordinaryshareholders' meeting in May 2011. That meeting will beinvited to decide on a renewal of the auditor’s mandate.Compensation of the Statutory AuditorThis table gives a summary of the Compensation paid to theStatutory Auditor for its services in 2010 at Dexia SA and atthe level of the whole Group.Protocol on the prudential structure of theDexia GroupIn accordance with the provisions of European Directives onbanking coordination, the prudential supervision of the DexiaGroup is exercised on the consolidated basis of the Dexia SAfinancial company which is the parent company. Thatsupervision is exercised by Belgian, French and Luxembourgsupervisory authorities.The Banking, Finance and Insurance Commission signed aprotocol with Dexia SA in 2001 relating to the prudentialstructure of the Dexia Group. This protocol, which containsimportant agreements between the Banking, Finance andInsurance Commission and Dexia SA in terms of corporategovernance, deals in particular with the status of companyexecutives (honesty and professional experience, treatmentof conflicts of interest, loans to executives), the quality ofDexia SA shareholders, the joint nature and authority of theDexia SA Management Board, and consolidated control of theDexia Group. A copy of the protocol may be obtained fromthe company’s corporate offices. The text of the protocol,which was slightly modified in 2003, is also available on theDexia website (www.dexia.com).Management reportConsolidatedfinancial statementsAdditional information Annual financial statementsAnnual report 2010 Dexia63