CSR in HRM policy
management and technical assistance to improve all functions within the bank. The latter is
done by seconding many Rabobank staff, who share their expertise with the local officers
during their short-term secondments as consultants.
In this way, a partner bank's development can be significantly speeded up, while at the
same time contributing to the development of the national economies of the countries
concerned, which requires the availability of sound financial services.
In 2007, Rabobank Group obtained a minority interest in Banco Terra, in Mozambique,
and in the Zambia National Commercial Bank. In earlier years, Rabobank Group had
acquired minority interests in the United Rural Cooperative Bank of Hangzhou, in China, and
in the National Microfinance Bank, in Tanzania, bringing the number of banks collaborating
with Rabobank Group to four.
Rabobank Group endorses the Declaration on Fundamental Principles of the International
Labour Organization (ILO) and hence the Universal Declaration of Human Rights, which
forms an external pillar of the bank's HRM policy. Rabobank Group updated its Code of
Conduct in 2007. In 2008 an updated Code of Conduct will be implemented.
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Report of the Executive Board
