The Central Delegates Assembly advises the local Rabobanks, the Executive Board or the
General Meeting. If, under the Articles of Association, decisions on specific issues require a
resolution of the General Meeting of Rabobank Nederland, the Central Delegates Assembly
advises on such issues beforehand.
The delegates to the Central Delegates Assembly have in-depth discussions, which are held
not only as part of its specific duties and responsibilities, but also with the aim of serving as a
sparring partner to the Executive Board. The discussions in the Central Delegates Assembly are
also held to create consensus between the local Rabobanks and Rabobank Nederland.
The Executive Board of Rabobank Nederland discusses the policies conducted with the Central
Delegates Assembly and provides further details. In order to operate effectively, the Central
Delegates Assembly has appointed committees from among its members, which are charged
with specific duties. The Committee on Confidential Matters advises on appointments to the
Supervisory Board, determines the remuneration of the Supervisory Board members, and reviews
whether the Supervisory Board has properly applied the remuneration policy. The Central
Delegates Assembly's Coordinating Committee adopts the agenda for the Assembly and
performs formality checks of the agenda items. The Emergency Affairs Committee advises the
Executive Board on behalf of the Central Delegates Assembly on urgent, price sensitive or
confidential cases - primarily on major capital expenditures, acquisitions or divestments.
General Meeting
The General Meeting is the body through which all local Rabobanks, being members of
Rabobank Nederland, are able to exercise direct control. The General Meeting is responsible
for the adoption of the financial statements, the discharge of the Executive and Supervisory
Boards for their management and supervision respectively, amendments to the Articles of
Association, and the appointment of the members of the Supervisory Board.
The Central Delegates Assembly advises on all agenda items for the General Meeting before the
Meeting takes place.This procedure ensures that any such items have been discussed in detail
at local, regional and central level beforehand.
Works Council
Rabobank Nederland's Works Council is based on the Dutch Works Council Act and is the
bank's employee representation body. One of the duties of this Works Council is to monitor
compliance with the Collective Labour Agreement, the Dutch Working Conditions Act and
the Working Elours Decree.
In order to achieve the best possible employee representation, the Works Council deliberates
with the Chairman of the Executive Board during Consultative Meetings. These Consultative
Meetings are held six times a year on average and cover issues affecting Rabobank Nederland
or its employees, including cost cuts, reorganisations and social policy. In Works Council
Meetings the members of the Works Council prepare for the upcoming discussions in the
Consultative Meetings. These preparatory meetings serve to exchange ideas and viewpoints in
order to form a final opinion that will be expressed in the Consultative Meeting.
The Works Council has several rights under the Dutch Works Council Act. The Executive Board
has the obligation, for instance, to duly provide any details and information that the Works
Council should reasonably require to be able to fulfil its duties. In addition to the right to be
informed, the Works Council's rights include the right to be consulted, the right of consent and
the right of initiative.
119 Corporate governance