- Audit. Rabobank complies with the provisions of Section 5 of the Banking Code around the
subject of audit, although the tripartite talks between the external auditors, internal audit
and the Dutch Central Bank (paragraph 5.6 of the Banking Code) will only take place as such
from 2010.
- Remuneration policy. Rabobank has performed a gap analysis of its remuneration policy
and the Banking Code and has found that its remuneration policy for senior management
complies with the Banking Code on virtually all counts. Rabobank has a careful, controlled
and moderate remuneration policy that befits its strategy, the desired risk profile, the
cooperative's shared targets and our core values.The remuneration policy takes account of
the bank's long-term interests, the international context of the markets in which it chooses
to operate and the socially accepted practices in that area.
Based on its cooperative identity, Rabobank prepared a 'Remuneration Vision' in 2009 which is
to strengthen the meticulous implementation of these principles in all Rabobank Group units
even further. In addition, existing arrangements and procedures will be tightened where
necessary, and initial steps towards that goal have meanwhile been undertaken.
Rabobank intends to fully comply with the Banking Code and expects only very few
departures, which will be justified according to the'comply or explain'principle.
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Corporate governance
