Contents Foreword Management report Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3
Supervisory Board
General task
In the new governance structure, the Executive Board assumes responsibility for the entire Rabobank. In this context, in 2016, the Supervisory Board supervised the
policies pursued by the Executive Board and the general course of affairs at Rabobank (the former member banks and Rabobank Nederland) and its affiliates. In addition
to its supervisory role, the Supervisory Board serves as an adviser to and employer of the Executive Board. The Supervisory Board members also act as 'liaison officers' for
Rabobank by engaging with members, clients and other stakeholders.
Facts figures
Members on 31 December-2016 Other attendees throughout the year
Ron Teerlink, chairman as of 14 September 2016 Regular attendees:
Marjan Trompetter, vice chair as of 14 September 2016 EB members
Irene Asscher-Vonk
Leo Graafsma Head of Audit Rabobank, Rudi Kleijwegt
Petri Hofsté, as of 30 December 2016 External auditors PwC
Leo Degle
Arian Kamp
Jan Nooitgedagt, as of 14 September 2016
Pascal Visée, as of 14 December 2016
Henk van Dalen, member until April 2016, inactive since November 2015 (see Management)
Wout Dekker, chairman until 14 September 2016
Erik van de Merwe, member until 14 September 2016
Meetings
17 meetings in total, including extra meetings
Over 95% attendance
Six sessions for continuing professional education for the entire Supervisory Board
In addition to these meetings, the Supervisory Board held several private meetings without members of the Executive Board present.
Topics
Regular topics of discussion
Article 25 of the Articles of Association of the Coöperatieve Rabobank U.A. states the responsibilities of the Supervisory Board, including the decisions that need
approval of the Supervisory Board.
The Supervisory Board discussed some strategic and high-level matters, such as Rabobank's strategy execution and the reliability and continuity of information
technology, in addition to the committee subjects mentioned in the tables below.
Committee discussions are more in-depth. In cases where approval of the Supervisory Board was needed, the relevant committee prepared its advice for the full Board.
Special topics
In 2016 the Supervisory Board regularly paid attention to the business and compliance organisation of Rabobank in the United States. The Supervisory Board discussed
the developments at RNA several times with internal and external experts. In the summer of 2016 a delegation of Supervisory Board members visited the US to speak
with US regulators on US governance and US regulatory topics. In our experience such trips enhance mutual understanding and respect.
In 2016, the Supervisory Board held several extra meetings on SME derivatives.
Other special items in 2016 were the new organisational structure of Rabobank Nederland, the sale of Athlon and Swap Dealer Registration. This last item will be
discussed further in 2017.
Additional comment
After receiving advice from the committee on confidential matters, the GMC set the remuneration of the members of the Supervisory Board. The remuneration is
not dependent on Rabobank results. On 14 September 2016, the GMC agreed to a simplification of the remuneration system for the Supervisory Board, thereby also
reducing the total remuneration level.
See the chapter on remuneration in this Annual Report.
157 Report of the Supervisory Board of Rabobank
