31 Remuneration of the Supervisory
Board and the Executive Board
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Contents Foreword Management report Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3
In 2016, the remuneration of members and former members of
the Executive Board amounted to 7.5 (2015: 6.4). The increase is
related to the expansion of the board with one extra member.
in thousands of euros
Short-term
employee benefits
Post-employment benefits
Other
Total
Pension scheme
Individual pension
contribution
W. Draijer
980
25
212
1,217
B.C. Brouwers
884
25
189
1,098
R.J. Dekker
884
25
189
3
1,101
P.C. van Hoeken
663
19
142
824
B.J. Marttin
884
25
189
1,098
H. Nagel
884
25
189
1,098
J.L. van Nieuwenhuizen
884
25
189
1,098
Total 2016
6,063
169
1,299
3
7,534
Members Executive Board
4,257
128
908
5
5,298
Former members Executive Board
884
26
189
1
1,100
Total 2015
5,141
154
1,097
6
6,398
At year-end 2016, there were a total of 486 DRNs (liability of 16)
outstanding with members of the Executive Board (year-end
2015: 11,647 pieces of which 5,503 regarding former members).
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 a maximum, for 2016 EUR 96,000. 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 (2015: 1.2 of which former members
0.6). 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 as of
1 October 2016 (exclusive of VAT and other charges) is:
The table below shows the remuneration (excluding VAT and
other charges) for individual members of the Supervisory Board.
As of 1 October 2016 the fee structure (in euros):
Fee
Member
90,000
Chairman of Audit Committee, Risk Committee,
Cooperative Issues Committee, additional
20,000
Chairman of Appointments Committee together with HR
Committee, additional
20,000
Vice chairman, additional
30,000
Chairman
220,000
in thousands of euros
Remuneration
W. Dekker (in office until 15 September 2016)
242
R. Teerlink
131
I.P. Asscher-Vonk
98
M. Trompetter
104
L.N. Degle 86
S.L.J. Graafsma
110
P.H.M. Hofsté (in office from 14 December 2016)
4
A.A.J.M. Kamp
91
E.A.J. van de Merwe (in office until 15 September 2016)
73
J.J. Nooitgedagt (in office from 14 September 2016)
32
P.H.J.M. Visée (in office from 14 December 2016)
4
Total 2016
975
Total 2015
1,030
At Rabobank, the Chairman of the Supervisory Board holds
a number of roles which are related to the cooperative.
These roles are specified in the Annual Report.
in millions of euros
Executive Board
Supervisory Board
Loans, advances and guarantees
2016
2015
2016
2015
Outstanding on 1 January
4.3
4.9
1.4
2.6
Provided during the year
1.2
Redeemed during the year
(0.8)
(1.8)
(0.1)
(0.7)
Reduction on account of leaving office
(0.9)
Increase on account of taking office
0.6
0.4
Outstanding on 31 December
4.1
4.3
1.3
1.4
289 Other notes to the financial statements