Executive Board
The Executive Board of Rabobank Nederland is responsible for managing Rabobank Nederland.
This includes responsibility for defining and achieving the targets of Rabobank Group, for its
strategic policy and associated risk profile, for its financial results, and for the relevant corporate
social responsibility aspects of the business. The Executive Board is also in charge of Rabobank
Group's compliance with all relevant laws and regulations, for managing business risks, and for
the financing of Rabobank Group.
In performing its duties, the Executive Board acts in accordance with the interests of Rabobank
Nederland and its affiliated entities, also making allowance for the interests of groups of
stakeholders, such as customers and employees. The Executive Board is accountable to the
Supervisory Board, the Central Delegates Assembly and the General Meeting of Rabobank
Nederland.
The Supervisory Board appoints the members of the Executive Board for a four-year term
of service. Re-appointments are also for a term of four years. The Supervisory Board is also
competent to suspend or remove executive directors.
Every member of the Executive Board is thoroughly familiar with the financial sector in general
and with banking in particular, with Rabobank's role in society, and with stakeholder interests.
In addition, every executive director has the in-depth knowledge that is required to be able to
understand the main aspects of Rabobank Nederland's overall policy and to independently
form a balanced opinion of the associated risk exposures. The members of the Executive Board
take part in a continuing education programme that was developed especially for them.
The Supervisory Board periodically evaluates the performance of the Executive Board and
follows up on the outcome.
On the recommendation of the Supervisory Board, the Central Delegates Assembly defines
the principles underlying the executive compensation policy.The Supervisory Board then
determines the remuneration of the executive directors and is accountable for its decisions in
this regard to the Confidential Committee of the Central Delegates Assembly.
Supervisory Board
The Supervisory Board of Rabobank Nederland supervises the policies pursued by the Executive
Board and the general conduct of business at Rabobank Nederland and its affiliated entities.
The Supervisory Board also monitors compliance with the law, the Articles of Association and
other relevant rules and regulations. The Supervisory Board discharges its duties from the broad
perspective of the continuity of Rabobank Nederland and its affiliated entities. The Supervisory
Board evaluates whether enough consideration is given to the interests of all stakeholders
(including customers and employees) of Rabobank Nederland and its affiliated entities.
Key decisions by the Executive Board are subject to Supervisory Board approval. Such decisions
would include decisions on the strategy that is to lead to targets being achieved and on the
parameters of that strategy, e.g. in relation to financial risks and relevant CSR aspects, on the
annual adoption of the policy plans and the budget, and on operational and financial targets.
The supervisory duties focus on risk management in particular. The Supervisory Board also
plays an important role in the group-wide remuneration policy.
Candidates for a seat on the Supervisory Board can be nominated by the Executive Board,
the Works Council of Rabobank Nederland and the General Meeting. The members of the
Supervisory Board are appointed by the General Meeting of Rabobank Nederland, on the
nomination of the Supervisory Board. Key considerations in nominating and appointing
Supervisory Board members are their expertise and independence as individuals. The profile
describes the integrity, and the expertise and level of availability that the Supervisory Board
feels are needed. The members of the Supervisory Board take part in a continuing education
programme that was developed especially for them. The Confidential Committee of the Central
Delegates Assembly sets the remuneration of the supervisory directors.
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Corporate governance
