Mr Van Dalen and MrTeerlink did so on 3 October 2013 before the present Chairman of the
Supervisory Board, Mr W. Dekker. On 1 November 2013, Mr Nagel and Mr R. Dekker took the oath
for the moral and ethical conduct declaration before the Chairman of the Executive Board,
Mr Minderhoud.
Continuing professional education
The members of the Executive Board take a number of half-day continuing professional
education (PE) courses every year. The continuing professional education curriculum includes
relevant developments at Rabobank and in the financial sector, corporate governance in
general and that of the financial sector in particular, the duty of care towards customers,
integrity, risk management, financial reporting and audits. Depending on the topic, the
continuing professional education courses are taught by internal or external experts.
In 2013, the Executive Board received information on such topics as risk management and
virtualisation and changing customer behaviour. In addition, various members of the Executive
Board took up the invitation to attend sessions for the continuing professional education of
the Supervisory Board: on relevant (future) European regulations, their expected impact on
Rabobank and how to represent Rabobank's interests in that context, the recovery plan that
Rabobank drew up on the request of the Dutch Central Bank, megatrends in the food and agri
sector and the new food and agri strategy of Rabobank Group (Banking4Food).
In addition to the continuing professional education curriculum, newly appointed Executive
Board members are offered a customised induction programme, as part of which they talk to
several internal and external experts, and make working visits.
Supervisory Board
The Supervisory Board of Rabobank Nederland has a diverse composition. New members of the
Supervisory Board follow an induction programme to prepare them for their role as Supervisory
Board members at Rabobank. A training programme is set up for Supervisory Board members
annually. The selection of topics takes account of current developments and the expertise
required within the Supervisory Board.
The Supervisory Board received extensive information in 2013 on relevant (future) European
regulations, their expected impact on Rabobank and how to represent Rabobank's interests
in that context, the recovery plan that Rabobank drew up on the request of the Dutch Central
Bank, megatrends in the food and agri sector and the new food and agri strategy of Rabobank
Group (Banking4Food) and governance and the performance of the Supervisory Board in
the various roles performed by the Supervisory Board. In addition, various members of the
Supervisory Board took up the invitation to attend a session for the continuing professional
education of the Executive Board about virtualisation and changing customer behaviour.
The members of the Audit, Compliance Risk Committee received information on hedge
accounting in the spring of 2013, as part of their continuing professional education. In the
autumn, the Risk Committee (in the presence of several members of the Audit Committee and
the Executive Board) received information on the quality of Rabobank's mortgage portfolio and
the principal risks according to the Rabobank and the Dutch Central Bank's risk analysis.
Appointments and re-appointments to the Supervisory Board are made by the General Meeting
on the recommendation of the Supervisory Board and after receiving advice from the Central
Delegates Assembly. In 2013 the Supervisory Board drew up a succession plan for the Board.
This plan describes the policy line the Supervisory Board intends to pursue for the purposes of
the present and future composition of the Supervisory Board. Taking into account the core
competencies of each Supervisory Board member in office in combination with the schedule of
rotation, the profile that members to be selected in the next round(s) of appointment should
110 Annual Report 2013 Rabobank Group
