The Risk Committee discussed a proposal to adjust the product approval and review policy
and advised favourably on the funding mandate for 2014. The Risk Committee carried out
preparatory work for the Supervisory Board for the approval of the modified risk appetite
statement. Lastly, the Risk Committee discussed Rabobank's top risks in depth, partly by
reference to the DNB risk analysis. Significant issues that were discussed included the balance
between commerce, efficiency and risk/compliance and between domestic and international
operations, risk awareness and risk culture, reputational risk and cybercrime.
Members:
A.J.A.M. Vermeer, Chairman
C.P. Veerman, Deputy Chairman
LP. Asscher-Vonk
A. de Bruijn (until20 June2013)
W. Dekker
L.O. Fresco
L. Koopmans (until20 June2013)
R.Teerlink (from 25 September2013)
M.J.M.Tielen (until20 June2013)
Cooperative Affairs Committee
The Cooperative Affairs Committee (CAC) helps the Supervisory Board prepare for its decision
making in relation to the Executive Board's policy plans for cooperative issues affecting the
local Rabobanks and Rabobank Nederland. This Committee also makes preparations for the
Supervisory Board's discussion of policy documents involving corporate social responsibility (CSR).
In 2013, the issues looked at by the CAC included developments at Rabo Development, a
proposal to change the governance structure and organisation of the Rabobank Foundation,
the suitability assessment and continuing professional education for members of local
Supervisory Boards. Another major focus area was Vision 2016, mainly with a view to the
modernisation of the cooperative and cooperative customer services. In addition, further
developments in sustainability policy were the subject of extensive debate, resulting in the
Sustainability Strategy 2020 with the motto 'Sustainably StrongerTogether'.
The CAC also talked about the sustainability sections of various reports and of the Annual
Report. The CAC discussed Rabobank Group's new food and agri strategy, called Banking4Food,
at length. In the autumn, the CAC reviewed the proposed implementation of the group-wide
culture programme.
Members:
L. Koopmans, Chairman
(until 20 June 2013)
W. Dekker, Chairman (from 20June2013/
member until 20 June 2013)
LP. Asscher-Vonk
C.H. van Dalen (from 25September2013)
W. Dekker
L.O. Fresco
A.J.A.M. Vermeer
Appointment Committee
The Appointment Committee helps the Supervisory Board prepare for its decision-making in
relation to the composition of, and appointments and re-appointments to, the Supervisory
Board and the Executive Board. The Appointment Committee advised, on the basis of
succession planning for the Supervisory Board prepared for that purpose and assessments
of the senior executive management, on the personnel changes in the Supervisory Board
and Executive Board respectively in 2013.The Committee also advised the Supervisory Board
on a number of senior management appointments at Rabobank Nederland and its affiliated
entities. As part of talent management, the Committee also addressed the subject of
gender diversity.
Members:
LP. Asscher-Vonk, Chairman
C.H. van Dalen (from 25September2013)
W. Dekker
L.O. Fresco
L. Koopmans (until20June2013)
A.J.A.M. Vermeer
Remuneration Committee
The Remuneration Committee helps the Supervisory Board prepare for its decision-making in
relation to the remuneration of the members of the Executive Board and the remuneration
policy for members of senior management. It also keeps close track of remuneration policies
pursued in the external market and advises the Supervisory Board on how to apply the
guidelines for remuneration policy in the banking sector.
In 2013 the Remuneration Committee considered the performance targets for 2013 for Identified
Staff. The Committee carried out preparatory work for the Supervisory Board with regard to the
annually available aggregate variable remuneration with an underlying risk assessment for the
Rabobank Group and for the individual variable remuneration of employees belonging to the
Identified Staff of Rabobank Group. The Remuneration Committee advised on several changes
in the remuneration policy for the Executive Board, the senior management and employees
belonging to the Identified Staff, partly in the light of the Capital Requirements Directive IV.
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Annual Report 2013 Rabobank Group
