About this Chairman's Corporate Consolidated Financial Company Financial
Report Foreword Management Report Appendices Governance Statements Statements
Rabo Real Estate Group (FGH Bank included)
In 2016 FGH Bank was positioned as an independent organization
within RabobankGroup and in 2018the last funds of Bouwfonds
Investment Management were sold. As a result of these last
organizational developments, almost all employees of Rabo Real
Estate Group have been made redundant or have left service. The
agreements with the unions were set out in an addendum to Rabo
Real Estate Group's 2013-2015 Social Plan - a part of Rabo Real
Estate Group's CLA.
BPD
Since 2017 BPD has been positioned as an independent
organization within RabobankGroup. Remuneration of
employees of BPD is subject to a new BPD Collective Labor
Agreement 2018-2019 and a Social Plan 2018-2022. The CLA of
BPD was negotiated in January 2018 with the trade unions CNV,
FNV and De Unie. This specific remuneration policy meets the
requirements of the Rabobank Group remuneration policy. The
Collective Labor Agreement includes a remuneration package
consisting of fixed and variable components and a pension
scheme in line with that of Rabobank Pension Fund. In the
Netherlands, BPD distinguishes three groups of employees: CEO,
Executives and employees subject to the CLA. Each group has its
own conditions of employment package. The BPD CLA includes
a Performance Competence Management system (PCM) to
steer results and employee development. BPD also employs staff
outside the Netherlands. It concerns BPD Deutschland and BPD
France (sold in November 2018). Each of the entities outside the
Netherlands has a specific remuneration policy and Performance
Competence Management (PCM).
Annual Report 2018 - Corporate Governance
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