45 Costs of external auditor
46 Remuneration of the Supervisory
Board and the Executive Board
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Contents Management report Corporate governance Consolidated financial statements Financial statements Pillar 3
in millions of euros 2015 2014
Financial statements audit 7 6
Other audit engagements 1 1
Other non-audit services
Total 8 7
In the year under review, the audit firm Ernst Young
Accountants LLP in the Netherlands invoiced the above
amounts to Rabobank, its subsidiaries and other companies
it consolidates, within the meaning of Section 382a of Book
2 of the Dutch Civil Code. These amounts do not include fees
for financial statements audits, other audit engagements, tax
consultancy services and other non-audit services charged by
other auditors and other Ernst Young business units.
The members of the Supervisory Board and the Executive
Board are listed in Section 54 of these consolidated financial
statements. Rabobank exclusively regards the members of the
Executive Board as key management personnel.The members
of the Executive Board are among the identified staff as
disclosed in Section 37. In 2015, the remuneration of members
and former members of the Executive Board amounted to
6.4 (2014: 6.3).
At year-end 2015, there were a total of 11,647 DRNs outstanding
with members and former members of the Executive Board
(year-end 2014:12,133 pieces). The pension scheme for the
members of the Executive Board is classified as a collective
defined contribution scheme. As of 1 January 2015, the
maximum income on the basis of which the members of the
Executive Board can build up a pension amounts to EUR 94,600.
Any income exceeding this amount is not pensionable. As of
1 January 2015, the members of the Executive Board therefore
receive an individual pension contribution.
Expenses related to members and former members of the
Supervisory Board total 1.2 (2014:1.6).This includes VAT
and employer's contributions payable. In addition to the
role of Member of the Supervisory Board of Rabobank,
the remuneration also depends on the roles in the various
committees. The composition of these committees is detailed
in the Annual Report.The remuneration structure for 2015
(exclusive ofVAT and other charges) is:
in euros
Chairman
Vice
Chairman
Member
Supervisory Board
288,750
71,500
55,000
Audit Committee
32,500
15,000
15,000
Risk Committee
32,500
15,000
15,000
Appeals Committee
7,500
7,500
Cooperative Issues Committee
15,000
15,000
Appointments Committee
3,750
3,750
Remuneration Committee
3,750
3,750
Redemption of
in thousands of euros
Total salaries
Pension
contributions
Indi vidual pension
contribution
remuneration
component
Other
Total
W. Draijer
980
25
212
1
1,218
A. Bruggink
884
26
189
1
1,100
B.J. Marttin
884
26
189
1
1,100
R.J. Dekker
807
26
171
2
1,006
H. Nagel
807
26
171
1
1,005
J.L. van Nieuwenhuizen
779
25
165
969
Total 2015
5,141
154
1,097
6
6,398
Total 2014
4,993
1,302
4
6,299
240 Rabobank Annual Report 2015
