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Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
the function level, the Hay job evaluation process was used.
This resulted in two clusters of functions, namely the Chairman
Managing Board, and Member of the Managing Board. Based on
the performed benchmark, salary ranges were set to those two
function levels. The remuneration structure and salary ranges of
the Managing Board were as follows:
Salary ranges Minimum Maximum
in euros
Chairman of the Managing Board 884,000 1,154,400
Member of the Managing Board 477,000 884,000
In 2017, with the installation of the Managing Board, reference
points per function were defined. The external value, or
contribution, of the function (based on the benchmark) along
with personal capabilities and the match with the leadership
profile, led to individual proposals for the new Managing Board
members.The remuneration packages reflect the values of
Rabobank's remuneration policy.
Apart from the salary, the members of the Managing Board
receive secondary employment conditions such as the pension
scheme, including an individual pension contribution.There is
no entitlement to a car lease arrangement, but a company car
policy is in place for all members of the Managing Board for
commuting and business travels.
Individual loans
The outstanding loans of the members of the Managing Board
in office and the average interest rates on 31 December 2017
were as follows:
Outstanding
Average interest
in millions of euros
loans
rate (in
On 31 December 2017
Bas Brouwers
0.5
2.6
Kirsten Konst
0.2
4.0
Bart Leurs
0.9
2.1
Mariëlle Lichtenberg
1.8
4.3
Berry Marttin
0.2
5.8
Jan van Nieuwenhuizen
1.2
2.0
Janine Vos
0.9
2.3
Outstanding
Average interest
in millions of euros
loans
rate (in
On 31 December 2016
Bas Brouwers
0.5
2.6
Berry Marttin
0.4
5.8
Jan van Nieuwenhuizen
1.2
2.0
Individual remuneration
The individual remuneration in 2017 of the members of the
Managing Board were as follows:
In thousands of euros
Short-term employee benefits
Pension scheme
Individual pension contribution
Other
Total
Wiebe Draijer
980
26
212
1,218
Bas Brouwers
884
26
189
5
1,104
Petra van Hoeken
884
26
189
1,099
Kirsten Konst (in office from 1 -9-2017)
267
9
56
1
333
Bart Leurs (in office from 1 -9-2017)
217
9
44
270
Mariëlle Lichtenberg (in office from 1-9-2017)
250
9
52
4
315
Berry Marttin
884
26
189
4
1,103
Jan van Nieuwenhuizen
884
26
189
1,099
leko Sevinga (in office from 1-9-2017)
250
9
52
311
Janine Vos (in office from 1 -9-2017)
217
9
44
270
Ralf Dekker (in office until 1 -9-2017)
589
17
126
5
737
Rien Nagel (in office until 1-9-2017)
589
17
126
3
735
Total 2017*
6,895
209
1,468
22
8,594
Total 2016
6,063
169
1,299
24
7,555
It should be noted that in 2017 the Managing Board consists often
Ralf Dekker (COO) and Rien Nagel, both members ofthe members, while in 2016,the Executive Board consisted of 7 members.
Executive Board, resigned from the Executive Board effective
September 1 st 2017.Their employment relationship with
Rabobank terminated as of 1 March 2018. Both will receive a
severance pay equivalent to one year's salary of EUR 884,000
and their regular individual pension contribution.
Rabobank Annual Report 2017 - Corporate governance
149
