Report of the
Supervisory Board of
Rabobank Nederland
Working methods
Supervisory Board
10 Rabobank Group Annual Report 2004
Report of the Supervisory Board of Rabobank Nederland
Membership of the Supervisory Board
The Supervisory Board's profile sets out the requirements concerning
the expertise and membership of the Board. Apart from having a broad
and expert membership, it is vital that the Supervisory Board is indepen
dent and that any semblance of a conflict of interest is avoided.
The independence requirement receives a great deal of attention in the
appointment or reappointment of members of the Supervisory Board.
At the General Meeting of Rabobank Nederland on 16 June 2004,
Mr W.F. Duisenberg and Professor A.H.C.M. Walravens were appointed
as new members of the Supervisory Board. The latter appointment
resulted from the extension of the strategic collaboration pursued by
Rabobank Nederland and Eureko/Achmea, which includes an agree
ment on the joint appointment of a member of the Supervisory Board.
The General Meeting on 16 June 2004 reappointed MrT. de Boon and
Mr B. Bijvoet to the Supervisory Board. As from 24 June 2004, the
members of the Supervisory Board are as follows.
Committees of the Supervisory Board
The Supervisory Board has four committees. These committees advise
the Supervisory Board, which, in turn, bases its decisions in part on this
advice. The members of the four committees since 2 December 2004
are listed on the next page.
To support it in the proper performance of its duties, the Supervisory
Board regularly requests information on banking and non-banking
issues. In 2004, it paid specific attention to activities aimed at being in
control, the introduction of the IFRS rules, theTabaksblat Code and the
examinations of the internal audit department of complex funding
transactions and guarantees. The Supervisory Board met eight times in
2004, the Audit Committee and the Cooperative Issues Committee five
times, the Appointment and Remuneration Committee four times and
the Appeals Committee three times. The Chairman of the Supervisory
Board has contact at least monthly with the Chairman of the Executive
Board and holds monthly meetings with the internal auditor. In addition,
the Chairman of the Supervisory Board, the Chairman of the Audit
Committee, the external auditor and the internal audit department
meet at least four times a year.
Lense Koopmans
Chairman
Antoon Vermeer
Deputy Chairman
Sjoerd Eisma
Secretary
Leo Berndsen
Member
Bernard Bijvoet
Member
Teun de Boon
Member
Wim Duisenberg
Member
Marinus Minderhoud
Member
Hans van Rossum
Member
Herman Scheffer
Member
Martin Tielen
Member
Aad Veenman Member
Membership of the Executive Board
On 15 November 2004, Professor A. Bruggink joined the Executive
Board as Chief Financial Officer (CFO). The duties and responsibilities
oftheCFO had been temporarily taken on by the Chairman of the
Executive Board. Until 15 November 2004, Mr Bruggink was head of
Control Rabobank Group within Rabobank Nederland. On 1 July 2004,
Mr JJ. Verhaegen, having reached the pensionable age, retired from
the Executive Board. We thank Mr Verhaegen for his dedication and
commitment to Rabobank Group over a period of many years and for
the major contribution he made to the development of funds transfers
in the Netherlands.
Arnold Walravens
Member
