Members:
W. Dekker, Chairman
C.H. van Dalen, Deputy Chairman
LP. Asscher-Vonk
L.O. Fresco (until 19 June 2014)
A.A.J.M. Kamp (from 3 December2014)
A.J.A.M. Vermeer (until 19 June 2014)
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 2014.The Committee also advised the Supervisory Board on the
approval of a number of senior management appointments at Rabobank Nederland and its
affiliated institutions. As part of talent management, the Committee also addressed the subject
of gender diversity.
Members:
I.P. Asscher-Vonk, Chairman until
24 September 2014, member thereafter
C.H. van Dalen, member until
24 September 2014, Chairman thereafter
W. Dekker
L.O. Fresco (until 19June 2014)
A.A.J.M. Kamp (from 3 December2014)
A.J.A.M. Vermeer (until 19 June 2014)
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 2014, the Remuneration Committee considered the performance targets for 2014 for
Identified Staff. Please refer to the Remuneration chapter in this Annual Report for an
explanation of this term. 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 the
Supervisory Board on proposals for material exceptions to the Group Remuneration Policy.
The Remuneration Committee also issued advice on modifications of the terms of employment
policy for the senior management and the Executive Board.
Members:
I.P. Asscher-Vonk, Chairman
S.L.J. Graafsma
A.A.J.M. Kamp (from 3 December2014)
Appeals Committee
The Appeals Committee acts as an advisory appellate body in disputes between local
Rabobanks or between one or more local Rabobanks and Rabobank Nederland. No disputes
were referred to the Appeals Committee in 2014.
Proposal to the General Meeting and conclusion
In accordance with the relevant provisions of the Articles of Association of Rabobank
Nederland, the Supervisory Board has reviewed the annual report and the financial statements
for 2014 of Rabobank Nederland and of Rabobank Group, and the other information added
thereto.The Supervisory Board discussed these documents with the Executive Board, the
internal auditor and Ernst Young Accountants LLP (EY), the external auditors, and took note of
the unqualified external auditor's report that EY issued on the financial statements 2014.
The Supervisory Board would ask the General Meeting of Rabobank Nederland to adopt the
financial statements 2014 and approve the proposed profit appropriation.
The Supervisory Board wishes to thank all employees for the commitment they showed and
results they achieved in 2014 and will continue to do its utmost in 2015 to regain the trust of all
stakeholders in Rabobank.
Utrecht, 31 March 2015
The Supervisory Board
130 Annual Report 2014 Rabobank Group
