Remuneration of the Supervisory Board
The year 2013 was extraordinarily eventful for Rabobank. This also had a major effect on the time
spent by the Supervisory Board on discharging its duties. The regular duties of the members of
the Supervisory Board consist in studying large volumes of documents, attending the meetings
of the Supervisory Board, attending the meetings of the various committees of the Supervisory
Board (Audit Committee, Risk Committee, Cooperative Issues Committee, Appointments
Committee and Remuneration Committee), attending consultative meetings of the Works
Council as observer on a rotation basis, attending Regional Assembly meetings, attending
meetings of the Central Delegates Assembly, maintaining contacts with local Rabobanks and
attending the Annual General Meeting. Additional time needs to be committed to meeting the
requirements of continuing professional education.
On the basis of recent experience at Rabobank Nederland and expectations for the future, the
average time required to be spent by members of the Supervisory Board of Rabobank Nederland,
including the various committees, is approximately as follows:
3 to 4 days a week for the Chairman;
1 to 2 days a week for the Deputy Chairman; and
1 to 1.5 days a week for a member.
Within the total fee received by the Chairman of the Supervisory Board, two thirds relate to the
role of Chairman of the Supervisory Board and participating in the various committees of the
Supervisory Board. One third of this fee relates to ensuring the effective representation of
cooperative members'influence that is unique to Rabobank and derives from its cooperative
structure. These duties include, for instance, acting as Chairman for the Central Delegates
Assembly. The Supervisory Board fees were considered from three perspectives in 2013: market
range, time required in combination with the hourly rate and the points system in relation to
the fixed salary of the Chairman of the Executive Board. On the basis of these three perspectives
and in the light of the specific structure of Rabobank and the time required to be spent and
duties to be performed by the Supervisory Board as a result, a specialised outside firm issued an
opinion to the effect that the amount of the current overall fees is considered to be appropriate.
The Confidential Committee of the Central Delegates Assembly sets the remuneration of the
members of the Supervisory Board of Rabobank Nederland. Information on the remuneration of
the members and former members of the Supervisory Board Rabobank Nederland in 2013 is
included in note 47 to the consolidated financial statements 2013 of Rabobank Group.
Moral and ethical conduct declaration
On 17 April 2013 the members of the Executive Board and Supervisory Board then in office
took the oath for the moral and ethical conduct declaration before Mr Koopmans, Chairman
of the Supervisory Board. Mr Koopmans, on his part, took the oath on that date before the
Deputy Chairman of the Supervisory Board, Mr Vermeer. Mr Degle was unable to be present on
17 April 2013. He took the oath on 23 May 2013. Mr Van Dalen and MrTeerlink did so on 3 October
2013 before the present Chairman of the Supervisory Board, MrW. Dekker.
Appointments and re-appointments to the Supervisory Board and succession planning
Appointments and re-appointments to the Supervisory Board are made by the General Meeting
on the recommendation (if applicable) of the General Meeting, the Executive Board and the
Works Council and subject to consultation with the Central Delegates Assembly.
Report of the Supervisory Board of Rabobank Nederland
