Contents Foreword Management report Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3
Sessions for continuing professional education and other training initiatives
Sessions for the Supervisory Board in full:
In 2016, the Supervisory Board met for six plenary sessions within the framework of continuing professional education. These sessions included the following topics:
1) Developments in the mortgage market and Rabobank's business strategy for this market.
2) Global trends in food agri business, including genetic modification and the Transatlantic Trade and Investment Partnership (TTIP)
3) Regulatory framework regarding resolution and Rabobank's resolution strategy.
4) Economic developments.
5) Oversight and internal controls (RIGA I).
6) Key developments in Banking Law and Regulations.
During these sessions all or nearly all members of the Supervisory Board were present, as well as several members of the Executive Board.
Sessions for the audit and/or risk committee
In 2016 two in-depth educational sessions were held on the subjects of data management and ICAAP/ILAAP/SREP risk control.
Extra's
In November 2016, Vvarious Supervisory Board members attended a financial and economic crime (FEC) training for the Executive Board about compliance culture and
FEC laws and regulations.
The newly appointed Supervisory Board members receive an introduction programme consisting of talks with several managers and professionals within Rabobank and
visits to several locations and activities of Rabobank, including local Rabobanks.
Proposal to the General Members' Council
and conclusion
In accordance with the relevant provisions of the Articles
of Association of Rabobank, the Supervisory Board has
reviewed the Annual Report 2016 and the financial statements
of Rabobank Group, as well as other relevant associated
information. The Supervisory Board discussed these documents
with the Executive Board, the internal auditor and external
auditors (PwC) and took note of the unqualified external
auditor's report that PwC issued on the financial statements
in 2016.
The Supervisory Board would like to ask the General Members'
Council of Rabobank to adopt the financial statements 2016.
Rounding up: A word of appreciation
The Supervisory Board would like to thank all clients of the
bank for placing their confidence in Rabobank. We also thank
Rabobank's employees for the commitment they have shown
and the results they achieved in 2016. We are aware that these
times of transition are hard on those who are leaving the bank
as well as on those who are staying. This motivates us to be
vigilant and ensure to the transition is carried out responsibly
and in accordance with the company's moral standards.
We are on our way to realising our collective mission. But we
are not quite there yet. We will face more challenges and will
inevitably have to keep improving our customer focus and
overall performance in the years to come. In our supervisory
role, we will do our utmost to serve our stakeholders as best
we can.
Utrecht, 8 March 2017
Supervisory Board Rabobank
162 Rabobank Annual Report 2016
