STRATEGY WATCH Career-wise Managing talent Challenging future successfully making more money. That's what I call leveraging from the network and exchanging knowledge. I believe governance is the key for facilitating knowledge exchange. In very complex organizations, mechanisms must be designed to support self- governance along global, regional and local lines. This includes clear reporting lines and well thought out policies for every area. There is a lot more scope for improved governance within RI. Global Human Resources (HR) is certainly on the right track. At the recent senior management meeting, our new Global Head of HR, Wim Dufourné, outlined policies for creating a leadership team and evolving policies to facilitate best practice. (See sidebar.) These mechanisms are practical and create an enormous amount of goodwill. TW: And the bottom line RD:To say we are happy with the performance is an understatement. Well done everyone. H One of the most promising presentations at the recent senior management meeting was Wim Dufourné's, the newly appointed Global Head of Human Resources (HR) for Wholesale. He fills us in on what's in store for HR in the near future. 'If-you look at Rabobank's history, we started out with a domestic outlook,' he says. 'Today the Group has a strong global focus. To continue on this path we need to ensure that all businesses and regions are coordinated, our people are fulfilled career-wise, HR tools are effective and that we are spreading our vast internal knowledge throughout the organization.In order to ensure all regions are represented in HR, Dufourné has set-up a HR Leadership Team, made up of HR people drawn from around the world. The role of the team is to make sure communication is filtered effect- ively throughout the Group, global goals are achieved and to ensure HR is equipped to support Rabobank people. 'It's an old cliché, but it's true: people are our biggest asset,' says Dufourné. 'And we need to ascertain whether current personal development programs are working. Talent Management is not a new concept but we need to start cap- italizing on it. It involves assessing the talents our people have, how they want to develop them and how Rabobank can help them to do this. In short, we want to get a match between what employees want and what the organization needs.It's about setting objectives and managing expect- ations from both sides. Knowledge-sharing is another area Dufourné is keen to expand. 'There's no point in keeping our expertise confined to one department, country or even a region - we need to share it. Asia's Professionals' Exchange Program (PEP - see page 23) is just one way we are already doing this. HR in the Americas is in touch with Asia to see how the scheme could work there - a perfect example of sharing best practice throughout the network,' he says. HR is an integral part of the organization - but it is not in the lead. It enables the business to achieve its goals. Dufourné continues, 'HR tools and information help Rabobank people, who in turn accomplish Group strategy. If we have well-informed HR people and transparent processes, we can perform our role more efficiently. That is what the new global approach, such as the Leadership Team, will facilitate.Although he is currently looking at ways to standardize the HR organization, Dufourné insists it's not a case of 'one size fits all'. He adds, 'The challenge for HR now is to see where things overlap and how we can streamline things by sharing our knowledge effectively and achieve operational and functional excellence.' Wim Dufourné joined Rabobank as Global Head of Human Resources for wholesale In February 2003. Dividing his time between London and Utrecht, Dufourné brings over twenty years of multinational HR experience to the Group. The Word I 7

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