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Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
Loans per member of the Supervisory Board
The loans, advances and guarantees secured by members of
the Supervisory Board in office on 31 December 2015 and the
average interest rates were as follows:
Loans per member of the Supervisory Board
Outstanding
Average interest
in millions of euros
loans
rate (in
On 31 December 2015
A.A.J.M. Kamp
1.0
2.7
M. Trompetter
0.4
4.9
Movements in the loans, advances and guarantees provided to
members of the Supervisory Board in office on 31 December
2015 were as follows:
Movements in loansr advances and guarantees provided to
Supervisory Board
in miljoenen euro's
2015
2014
Outstanding on 1 January
2.6
1.5
Provided during the year
0.1
Redeemed during the year
(0.7)
(0.1)
Reduction as a result of members leaving office
(0.9)
Increase as a result of members taking office
0.4
1.1
Outstanding on 31 December
1.4
2.6
At year-end 2015, the members of the Supervisory Board not
listed in the table above had not received any loans, advances
or guarantees.These transactions were concluded in line with
market rates, which partly depend on the currency as well as
the agreed fixed-interest period and the time the transaction
was completed or a new fixed-interest term becomes effective.
Certificates per member of the Supervisory Board
Some members of the Supervisory Board have invested in
Rabobank Certificates in person and/or through their own
pension B.V. At year-end 2015, certificates totalled 28,784.
Benchmark
Supervisory Board remunerations are periodically subjected
to a benchmark study for comparison against remunerations
paid in the market. The latest study took place in 2013 and
compared remunerations paid to the Supervisory Board from
three perspectives, including remunerations paid to supervisory
boards of larger AEX companies, remunerations based on time
use combined with an hourly rate, and remunerations based
on the points system for supervisory board membership in
relation to the fixed salary of the supervisory board chairperson.
The results of the study showed no reason to make adjustments
in remunerations.
Remuneration of the Executive Board
Remuneration package
The primary remuneration package of the members of the
Executive Board consists of fixed pay and pension entitlements.
Additionally, Board members receive a management
supplement that serves as a fixed reimbursement of expenses,
and they are eligible for a package of fringe benefits in line with
market standards. Executive Board members became ineligible
for variable remuneration in 2013.
Fixed income
As with employees subject to the CLA, salary scales have
been set for the Executive Board, including a scale minimum
and maximum.These scales include both holiday and annual
allowances, and as of 31 December 2015 are as follows:
Executive Board salary scales
in euros
Minimum
Maximum
Chairman of the Executive Board
923,500
1,154,400
Members of the Executive Board
707,200
884,000
Pension
The Rabobank pension scheme applies to members of
the Executive Board and qualifies as a collective defined
contribution scheme. As of 1 January 2015, the maximum
income on which Executive Board members may accrue
pension is EUR 94,600, which means Board members now
receive an individual pension contribution (IPC) of 24% of their
fixed annual income above the threshold for pension accrual.
The IPC can be deposited into an individual net pension savings
product.
Fringe benefits
Members of the Executive Board are eligible for a package of
fringe benefits in line with market standards.
Number of certificates per member of the Supervisory Board
I.P. Asscher-Vonk
6,894
L.N. Degle
4,640
S.L.J. Graafsma
4,050
C.H. van Dalen
13,200
104 Rabobank Annual Report 2015
