Performance of supervisory role
1) Financial statements 2002
Committees of the Supervisory Board
Report of the Supervisory Board of Rabobank Nederland 7
corporate governance, including that of Rabobank.The Supervisory
Board and the Executive Board together are currently examining the
extent to which application of the principles of the code is feasible
and desirable within Rabobank Nederland. Any changes to the articles
of association and the regulations as a result of this are expected to
be submitted for discussion to the General Meeting of Shareholders
for 2005.
In the past year, the Supervisory Board focused on the performance of
its supervisory duties, i.e. the supervision of the Executive Board's policy
and the general conduct of affairs at Rabobank Nederland and its
affiliated entities. In addition, the Supervisory Board regularly served as a
sounding board for the Executive Board. Besides all the usual issues
dealt with by the Supervisory Board, the following subjects deserve
special mention.
To facilitate the Supervisory Board's review of the 2002 financial state
ments, intensive preparatory work was done once again by the Audit
Committee, including a detailed discussion of the management letter.
Audit committee
Duties: advises the Supervisory Board on financial, economic and
supervisory issues
M. Minderhoud, Chairman
L. Koopmans, permanent member
L.J.M. Berndsen, permanent member
AJ.A.M.Vermeer, rotating member
S.E.Eisma, rotating member
H.C. Scheffer, rotating member
A.W.Veenman, rotating member
Co-operative Issues Committee
Duties: advises the Supervisory Board on the co-operative's broad
functioning
AJ.A.M.Vermeer, Chairman
L. Koopmans, permanent member
MJ.M.Tielen, permanent member
B. Bijvoet, rotating member
T.de Boon, rotating member
J.A.A.M.van Rossum, rotating member
Appointments and Remuneration Committee
Duties: advises the Supervisory Board on issues concerning
appointments and remuneration
L. Koopmans, Chairman
AJ.A.M.Vermeer, member
H.C. Scheffer, member
A.W.Veenman, member
Appeals Committee
Duties: advises the Supervisory Board on appeal cases where the
Supervisory Board acts as body for appeals as defined in the articles
of association
S.E.Eisma,Chairman
J.A.A.M.van Rossum, member
MJ.M.Tielen, member