Contents Foreword Management report Corporate governance
Consolidated Financial Statements
Company Financial Statements
Pillar 3
Future-oriented banking: The Dutch Banking Code
In 2009 the Dutch Banking Association (DBA) adopted the
Banking Code for Dutch banks in order to regain trust in the
banking sector. The Banking Code aims to ensure stable,
service-oriented and reliable banks for stakeholders by setting
out principles of conduct for Dutch banks in terms of corporate
governance, risk management, audit and remuneration.
The Banking Code took effect on 1 January 2010 on a 'comply or
explain' basis.
In 2013, the Committee on the Structure of Dutch Banks (the
'Wijffels Committee') laid significant foundations for the further
strengthening of Dutch banks. The Committee published
a report focused on the stability of the banking industry and
the importance of competition and diversity in Dutch banking.
The Committee also called on banks to set out the role they
want to play in society.
Following this recommendation, the DBA introduced a Social
Charter, including an updated Banking Code, and implemented
a bankers' oath (with the associated rules of conduct and
disciplinary system). With these actions, Dutch banks, including
Rabobank, want to demonstrate what they stand for and what
they want to be held accountable for in the ongoing renewal
process - as individual banks and as an industry at the heart of
the community. The Social Charter, the Banking Code 2015 and
the rules of conduct associated with the bankers' oath together
form a package called 'Future-oriented Banking'. Rabobank
has endorsed the package. For further information about
Rabobank's compliance with the Banking Code 2015, please
refer to www.rabobank.com.
153 Corporate Governance
