Annual report 2010 - Dexia.com

Human ResourcesFinally, questions regarding compensation and themanagement of compensation aspects associated withperformance were given particular attention, notably in orderto ensure that variable compensation takes account, on theone hand, of the results achieved by the entities concernedand by the Group as a whole and, on the other hand, of theperformance of members of staff.Social dialogueManagement reportAdditional information Annual financial statementsConsolidatedfinancial statementsThe European Works Council (EWC) at Dexia is composedof 30 permanent members from 13 different Dexia entitiesand 4 countries. This social body is competent to discuss anymajor transnational question with management.Considering the current situation and the informationconsultationprocess in relation to the transformation plan, thesocial calendar was particularly full and numerous meetingswere organised (5 meetings of the European Works Council,11 meetings of the EWC Board) to provide information tostaff representatives and to answer their questions.At a local level, social dialogue was intense in all Groupentities. In fact, within their entities, social partners dealt withthe information-consultation process arising from the thirdphase of the transformation plan.In order to implement earlier phases of the transformationplan within the Belgian job pool, social partners in theentities concerned held plenary sessions together to negotiatecollective staff transfer agreements.74 Dexia Annual report 2010