Self-assessment
The Supervisory Board reviews its own performance and that of the separate committees on
an ongoing basis.The Supervisory Board also performed a full-scope evaluation in regarding
its performance in 2010. In addition, the Chairman has one-on-one meetings with each of
the members of the Supervisory Board annually to assess their individual performance.
This process of self-assessment is used to bring about improvements in the performance of
the Supervisory Board and that of the individual supervisory directors, and to undertake
individual or collective efforts to improve the members' knowledge where necessary. Key issues
in the performance evaluation are the supervisory directors' attendance of Supervisory Board
meetings and their input into these meetings, the extent to which the Supervisory Board,
its committees and its members comply with the chosen profile, the composition and the
required competencies of the Supervisory Board and of the separate committees. The range
of competencies represented is broadened through new appointments as appropriate.
The Audit, Compliance Risk Committee reviewed its composition and performance in 2010,
following which some improvements were introduced in its procedures.
In the Supervisory Board's opinion, its committees executed their duties promptly and
efficiently in the year under review, thereby contributing significantly to the effectiveness
of the supervisory role of the Supervisory Board.
Strong performance
The Supervisory Board is pleased with the general conduct of business and the way in which
the Executive Board managed to counter the ramifications of the challenging financial and
economic conditions during the year under review. The members of the Supervisory Board
note that the strength of the cooperative structure once again proved its worth in 2010 and
would like to take this opportunity to thank management and all employees for their efforts
and commitment in the year under review.
Utrecht, the Netherlands, 28 February 2011
The Supervisory Board
105
Report of the Supervisory Board of Rabobank Nederland
