Rabobank Group
Works Council
Rabobank Nederland Works Council
The Rabobank Nederland works Council is the bank's employee representation body. One of the
duties of this Works Council is to monitor compliance with the collective bargaining agreement,
health and safety legislation, and the Working Hours Decree.
In order to achieve the best possible employee representation, the Works Council deliberates
with the Chairman of the Executive Board during Consultative Meetings. These Consultative
Meetings, which are held six times a year on average, cover issues affecting Rabobank
Nederland or its employees, including cost cuts, reorganisations and staff policy. The members
of the Works Council prepare for the discussions in Consultative Meetings prior to these
meetings being held. These preparatory meetings serve to exchange ideas and viewpoints in
order to form a unified opinion that will be expressed in the Consultative Meeting.
The Works Council has several rights under the Dutch Works Councils Act. The Executive Board
has the obligation, for instance, to duly provide any details and information that the Works
Council should reasonably require to be able to discharge its duties. In addition to the right to
be informed, the Works Council also has the right to be consulted, the right of consent and the
right of initiative.
European Works Council
Rabobank has also instituted a European Works Council, which represents the employees
of Rabobank International and of Rabobank Group subsidiaries in the European Union.
The European Works Council is informed of, and consulted on, employee representation
issues impacting employees of Rabobank Group as a whole or issues involving at least two
EU Member States.
Rabobank Group refers to the group that Rabobank Nederland forms with its members,
the local Rabobanks and a number of specialist subsidiaries.
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Corporate governance
