Work and pregnancy
A policy on work and pregnancy was developed in 2009, in keeping with relevant legislation
and regulations. This policy is based on the principle that employees should, wherever possible,
stay on in their current positions and at their current workplaces during their pregnancy and
once they return to work. In connection with this, we offer a checklist, which can be used as a
tool, and consultations with occupational health medical officers to prevent health problems
from arising.
Employee satisfaction
In 2009, 41% of employees took part in the periodic employee satisfaction survey at Rabobank
Nederland and the local Rabobanks. Of these employees, 88% said they were satisfied.
No employee satisfaction surveys were conducted at Robeco, Rabo Real Estate Group, Orbay
and De Lage Landen during the year under review.
Pension funds15
Pension provisions relating to employees of the local Rabobanks, Rabobank Nederland,
De Lage Landen, Schretlen Co, Obvion and Rabo Real Estate Group are administered by the
Rabobank pension fund. Robeco has its own pension fund. At the end of 2009, the pension
provision at the Rabobank pension fund amounted to EUR 8.9 billion, while the fund's assets
were EUR 11.5 billion. This corresponds to a coverage ratio of 129% (128%) at the end of 2009.
Since the autumn of 2007, the Rabobank pension fund has protected its coverage ratio from
falling, mostly by using derivatives contracts. 2009 saw a sharp increase in share prices, and the
prices of corporate bonds also rose due to a reduction in the credit spread. The value of the
strategic hedge fell, mainly as a result of the steep rise in share prices and reduced volatility
on the financial markets. The coverage ratio of the Robeco pension fund was 119% at the end
of 2009. The Rabobank and Robeco pension funds are therefore in relatively good shape.
Pension contributions at the Rabobank Pension Fund amounted to EUR 570 million in 2009.
with contributions Robeco totalling EUR 30.5 million. At year-end 2009, the assets of the
Rabobank pension fund were invested in the following asset categories.
Asset categories (in %)15 31-Dec-09
Equities36.1
Fixed-income securities46.5.
Alternative investments7.2
Real estate7.7
Cash2.5.
Employment Disputes Committee
In 2009, Rabobank's Employment Disputes Committee handled 238 cases, 22 more than in
2008. Of these cases, 81% resulted in advice and a plan of action being provided. A further
16% were handled by mediation, either in face-to-face meetings or over the telephone.
In seven cases (3%) the Employment Disputes Committee issued a binding decision, and this
has been actively followed up in five cases. A total of 20 disputes were reported at De Lage
Landen Nederland. Of these, 17 were admissible and subsequently handled.
Whistleblower regulation
Rabobank Nederland and the local Rabobanks have a Regulation on the Internal Reporting
of Abuse, as well as an external confidential contact person and a confidentiality committee.
In 2009, the confidential contact person received ten reports, two of which were passed on
to the committee, with no further action being required. Four reports were referred to the
Occupational Health and Safety Service, the Employment Disputes Committee, the regional
executive body and Human Resources. In another case, it was decided, after the confidential
contact person had consulted the employee, that the matter did not need to be dealt with
formally by the committee.The three remaining cases received by the confidential contact
person were still at the intake stage at the end of 2009. During 2009, the committee also
is The information for the Rabobank considered two cases reported in previous years. Schretlen Co uses the above regulation,
pension fund included in this section is while some subsidiaries of Rabobank Nederland and the other group entities have their own
based on the pension fund's provisional whistleblower regulations. Rabo Real Estate Group's confidential contact person received
annual figures. three reports.
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Employees
