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 of the Executive Board are subject to the approval of the Supervisory Board,
including strategic decisions that should result in the achievement of targets and the
preconditions that apply with respect to these targets, for example with regard to financial risks
and the relevant aspects of sustainable business, along with decisions regarding the annual
adoption of the policy plans, the budget, and the operational and financial targets. As well as
playing a key role in the supervision of risk management, the Supervisory Board also has an
important responsibility in supervising the Group Remuneration Policy.
Candidates for the position of Supervisory Board members can be nominated by the Executive
Board, the Rabobank Nederland Works Council and the General Meeting. The General Meeting
of Rabobank Nederland appoints the members of the Supervisory Board on the nomination of
same and after obtaining permission from the Dutch Central Bank. 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
customised continuing professional education programme.The Committee on Confidential
Matters of the Central Delegates Assembly sets the remuneration of the Supervisory
Board members.
The Supervisory Board incorporates six committees which perform preparatory and
advisory duties on behalf of the Supervisory Board itself, namely the Audit Committee,
the Risk Committee, the Cooperative Issues Committee, the Appointments Committee,
the Remuneration Committee and the Appeals Committee.
Central Delegates Assembly
The local Rabobanks are organised geographically in twelve Regional Delegates Assemblies,
each with their own Board. Together, the Boards of the Regional Delegates Assemblies form the
Central Delegates Assembly, which meets four times a year. The majority of the members of the
Central Delegates Assembly are appointed - through the Regional Delegates Assembly Boards
- by members of the local Rabobanks as their representatives at the local and collective levels.
The Regional Delegates Assemblies discuss the agenda items prior to the Central Delegates
Assembly. They can also table agenda items for their own meetings. The Regional and Central
Delegates Assemblies have an important say in the policymaking process of the
Rabobank organisation.
Other issues besides policymaking are discussed in the Assemblies too. The powers of the
Central Delegates Assembly include the adoption of:
binding rules governing all local Rabobanks;
the Strategic Framework, thereby determining the Group's strategy going forward; and
the budget for the support that Rabobank Nederland will provide to the local Rabobanks.
118 Annual Report 2013 Rabobank Group
