Dutch Corporate Governance Code
The Dutch Corporate Governance Code applies to listed companies and contains principles and
best practice provisions for what is generally regarded as good corporate governance. Because
of its cooperative structure, Rabobank is not required to comply with the Dutch Corporate
Governance Code, but has committed itself to comply to the code as much as possible. Rabobank
only departs from the code on a few points, partly due to its cooperative structure. Please refer to
www.rabobank.com for an overview.
Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
Future-oriented banking: The Dutch Banking Code
In 2009 the Dutch Banking Association 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 Dutch Banking Association
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.
Rabobank Annual Report 2017 - Corporate governance
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