6) Collaboration with Eureko/Achmea
In conclusion
Proposal to the Annual General Meeting
Report of the Supervisory Board of Rabobank Nederland
9
The Supervisory Board closely followed the strategic discussions with
Eureko/Achmea and studied in depth the proposal for the acquisition
of a limited shareholding in Eureko in combination with a joint
collaborative initiative in health care insurance, as a first step towards
further collaboration.The Supervisory Board gave its approval to these
plans.This approval also concerned the proposal for the joint appoint
ment of a member of the Supervisory Board for the purpose of
strengthening the mutual ties.
Through the execution of projects and activities, Rabobank Nederland
plays a crucial role within our co-operative organisation in consolidating
and where possible expanding the Bank's prominent market position.
The Supervisory Board wishes to thank all those who contribute to this
effort with great dedication: the Executive Board, the Central Delegates
Assembly and the employees of Rabobank Group.
In compliance with the provisions of the Articles of Association of
Rabobank Nederland, the Supervisory Board has examined the annual
report and financial statements. Our examination included discussions
with the external auditor. Partly on the basis of the auditors'report
issued by Ernst Young Accountants and in view of the provisions of
Article 19, paragraph e, of the articles of association, we propose that the
General Meeting of Rabobank Nederland adopt the financial statements
for 2003 and appropriate the profit for the year as proposed.
Declaration of war in Iraq.