Contents Foreword Management report Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3
Appeals Committee of the Supervisory Board
General task
The Appeals Committee carries out the preparations for the Supervisory Board's role as an appeals body or binding adviser if a dispute arises between a Local Members'
Council, a Local Supervisory Body or a Management Team and the Executive Board.
Facts figures
Members on 31-12-2016 Other attendees throughout the year
Irene Asscher-Vonk, chair -
LeoGraafsma
Arian Kamp
Meetings
No disputes were referred to the Appeals Committee in 2016.
Stakeholder relationships
As Supervisory Board members we consider ourself liaison officers for Rabobank. In this overview we provide insights into our stakeholder relationships.
Type of stakeholder Specifics
Contact with members
Members - Next to being loyal customers, our members All Supervisory Board members attend meetings of the GMC three to four times a year.
are our eyes and ears in the local community. They can
act as ambassadors for Rabobank, but also question and On several occasions members of Supervisory Board Committees concur with or attend meetings of
reflect on the choices and actions taken by Rabobank. Committees of the GMC. In 2016, do to several changes in the composition of the Supervisory Board, the
Appointment Committee had frequent contact with the committee on confidential matters of the GMC.
The chairman or vice chair - visit all eight Regional Member Council meetings per GMC, accompanied by
another Supervisory Board member.
The chairman of the Supervisory Board is technical chairman of the GMC and the emergency affairs
committee of the GMC.
He attends the meetings of the coordination committee and the committee on confidential matters of the
GMC.
The members of the Supervisory Board also visit individual local Rabobanks, conferences and information
sessions for local directors and/or members of the Supervisory Boards of the local Rabobanks and, on
invitation, meetings of local Rabobank members.
Contact with the external auditor PwC
External auditor - since PwC is able to compare Rabobank's The external auditor attends every meeting of the audit and the risk committee.
activities to best practices elsewhere in the financial At least once a year there is a private session between the Audit Committee and the external auditor.
sector, we value highly their outside-in perspective on our Regular informal contacts, especially with the chairman of the Supervisory Board and the chairman of the
organisation and ways of working. Audit Committee.
The chairman of the Supervisory Board, the chairman of the Audit Committee, the external auditor and the
internal auditor meet at least four times a year.
Dutch or foreign regulators
Regulators in the Netherlands/Europe and abroad The chairman of the Supervisory Board, independently or together with the chairman of the Executive
In Holland e.g.: Dutch Central Bank (DNB), the Netherlands Board, keeps in touch with external regulators.
Authority for the Financial Markets (AFM) and the Joint The vice chair and the chairmen of all committees also meet with members of the Joint Supervisory Team
Supervisory Team of the ECB and DNB. on a regular basis.
On occasion a delegation of Supervisory Board members are in contact with visit US regulators.
Contact with the Executive Board -members and other Rabobank professionals
The chairman of the Supervisory Board is in close contact Ongoing
with the chairman of the Executive Board and the Chief
Financial Officer.
The chairman of the Supervisory Board regularly consults Twelve times per year
with the internal auditor and the Chief Compliance Officer.
Informal audit meeting - Chairman of the Supervisory At least four times per year
Board, the chairman of the audit committee, the external
auditor and the internal auditor
Informal risk organisation meeting - the chairman of the Regularly
risk committee, the Chief Risk Officer and the internal
auditor.
Informal gatherings or formal meetings (continuous Several times per year
education) with directors, Rabobank specialists or external
experts, centred on the exchange of information.
On a rotating basis, members of the Supervisory Board Several times per year
attend meetings of the Works Council as observers.
Local branches and Rabobank clients in the Netherlands and abroad
Mid 2016 a delegation of Supervisory Board members visited some local branches and local clients in the US. Given this positive experience, the Supervisory Board
intends to organise one Supervisory Board meeting abroad each year.
On occasion individual members of the Supervisory Board have informally visited (clients of) local Rabobanks, affiliates and meetings of relevant networks in order to
stay in touch with the company's core business and client groups.
161 Report of the Supervisory Board of Rabobank
