Remuneration Committee
Duties
Members
The Remuneration Committee performs preparatory work for
the Supervisory Board's decision-making on the remuneration
of the members of the Executive Board.
A.H.C.M. Walravens, Chairman
L.O. Fresco
L. Koopmans
H.C. Scheffer
A.W. Veenman
AJ.A.M. Vermeer
Appeals Committee
Duties
The Appeals Committee acts as an advisory appellate body in
disputes between local Rabobanks or between one or more
local Rabobanks and Rabobank Nederland.
Members
S.E. Eisma, Chairman
M.J.M.Tielen
P.F.M. Overmars
The Supervisory Board's own performance
The Supervisory Board continually reviews its own performance. Periodically, it also considers the
performance of its individual members. Based on this review, improvements in the Supervisory Board's
performance are implemented as and when necessary. Important matters reviewed include members'
attendance at Supervisory Board meetings and their contributions in those meetings, the extent to
which the Supervisory Board complies with its desired profile, its composition and its required
competencies. As and when necessary, the range of competencies represented is extended by means
of new appointments. The Audit Compliance Committee likewise reviewed its composition and
effectiveness in 2008 and introduced several improvements in its working methods.
Performance of supervisory role
In 2008, the Supervisory Board again assessed the performance of the Executive Board and its individual
members. The Supervisory Board supervised the general conduct of affairs at Rabobank Nederland and
its affiliated entities.The Supervisory Board also regularly served as a sounding board to the Executive
Board. Regular subjects of discussion are the annual and the interim figures, the strategy, corporate
social responsibility, ICT and the risks associated with the Group's activities.The latter include the
Executive Board's assessment of the design and operation of the internal risk management and control
systems and any significant changes therein. Other subjects of discussion included the compliance
organisation's operation within Rabobank Group, potential acquisitions and divestment proposals.
In the year under review, the Committees from the Supervisory Board performed their roles actively
and alertly, thus making an important qualitative contribution to the execution of the Supervisory
Board's terms of reference in its supervisory role.
Subjects receiving special attention in 2008
Financial Statements 2007, Interim Report 2008 and budget for 2009
The Supervisory Board extensively discussed Rabobank Group Annual Report 2007, including the report
of the Executive Board, the accompanying auditor's report, the annual accounts and the proposed
appropriation of available profit. In addition, the management letter, including the management response,
was discussed in detail and in the presence of both the internal auditor and the external auditor.
The Audit Compliance Committee did intensive preparatory work to facilitate the review of Financial
Statements 2007. Also, the Supervisory Board extensively discussed Rabobank Group Interim Report
2008. With due regard to the regulations relating to Basel II, the Supervisory Board and the Executive
Board discussed the desired solvency level and the policy required to sustain this. In accordance with
the Articles of Association, the budget for 2009 was discussed and approved by the Supervisory Board.
Again, the Audit Compliance Committee provided important input for this purpose.
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Control aspects
