Financial statements
New corporate governance for Rabobank Nederland
Members of the Supervisory Board as of 6 June 2002
Members
12 Rabobank Group Annual Report 2002
Report of the
Supervisory Board of
Rabobank Nederland
In compliance with the provisions of the articles of association of
Rabobank Nederland, the Supervisory Board has examined the report
and the financial statements. Our examination included discussions
with the internal and external auditors. Partly on the basis of the
auditors' report issued by Ernst Young Accountants and with a view
to the provisions of Section 19, paragraph e, of the articles of associ
ation, we propose that the General Meeting of Rabobank Nederland
adopt the financial statements for 2002 and appropriate the profit
for the year as proposed.
In terms of governance, 2002 was an eventful year for Rabobank
Nederland. On 6 June 2002, it was decided to alter Rabobank
Nederland's corporate governance structure.The new top
management structure makes the management model more
transparent and increases management's effectiveness.The change
in structure gives the local Rabobanks more say in the strategic
policy. The supervisory duties of the Supervisory Board have been
enhanced.The Executive Board now has managerial responsibility
not only for day-to-day operations and Group policy but also for
the co-operative. Under the old structure, the former Board of
Directors was responsible for the co-operative before its
competence and responsibilities were absorbed by the new
structure. We owe a great debt of gratitude to the members of
the former Supervisory Board and the former Board of Directors
for their commitment in the execution of their duties for Rabobank
Group.
The new Supervisory Board was installed on 6 June 2002. Its mem
bership is as follows:
L. (Lense) Koopmans
A.J.A.M. (Antoon) Vermeer
S.E. (Sjoerd) Eisma
L.J.M. (Leo) Berndsen
B. (Bernard) Bijvoet
T. (Teun) de Boon
S.M. (Sybilla) Dekker
M. (Rinus) Minderhoud
J.A.A.M. (Hans) van Rossum
H.C. (Herman) Scheffer
M.J.M. (Martin) Tielen
A.W. (Aad) Veenman
Chairman
Deputy Chairman
Secretary
Member
Member
Future member*
Member
Member
Member
Member
Member
Member
On 1 April 2003, Mr De Boon will retire as General Manager of
Rabobank Tilburg-Goirle to become a member of the Supervisory
Board with effect from that same date.