Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
Remuneration and HR Committee of the Supervisory Board
General responsibilities and duties
The Remuneration HR Committee (R&HR) prepares the Supervisory Board's decision making on remuneration and general HR issues like organisational development,
employee engagement and people issues from a human resources perspective. In addition, the R&RH Committee considers the consequences of these topics for
Rabobank's risks and risk management, accounting for the long-term interests of Rabobank stakeholders and accepted social practice, as well as Rabobank's long-term
business, risk appetite, performance and control environment. The R&HR Committee works closely with the Risk Committee in evaluating the incentives created by the
remuneration system and directly supervises the remuneration of senior management staff who perform control duties.
The R&HR Committee prepares a proposal on the remuneration policy and the other terms of employment of the directors of Rabobank. It assesses the remuneration
practice within Rabobank Group for the highest earning employees based on a group-wide report, which in addition to the fixed and variable remuneration also
contains information about the relevant retention, exit and welcome packages within the Rabobank Group. Furthermore, the R&HR Committee prepares a central,
independent, internal assessment to review (at least annually) the general principles governing the remuneration policy and its implementation. Rabobank pursues a
prudent, restrained and sustainable remuneration policy.
Facts figures
Members on 31 December 2017
Marjan Trompetter, chair (100%)
Irene Asscher-Vonk (88%)
Leo Degle (88%)
Ron Teerlink (88%)
Pa sea I Visée (100%)
Meetings
There were seven regular meetings and one extra meeting with over 90% attendance.
Topics
Regular topics of discussion
The R&HR Committee addresses a wide range of topics. In 2017, these included talent development, employability, educational efforts, health, diversity and
inclusion, Rabobank's transition, the impact of redundancy on employees, employee participation, 'Tone at the top'/leading by example, and various issues related to
compensation.
In 2017, the Supervisory Board took the R&HR Committee's advice to approve a limited number of material exceptions to the Group Remuneration Policy which do not
relate to the Managing Board. These exceptions were based on the divergent local legislation and regulations and/or market practice.
The R&HR Committee discussed the general performance targets for Identified Staff (please refer to the section on Remuneration in this Annual Report for an
explanation of this term). The Committee carried out preparatory work for the Supervisory Board regarding the annually available aggregate variable remuneration
with an underlying risk assessment for Rabobank Group and for the individual variable remuneration of employees classified as Identified Staff.
Information on remuneration in general and on variable remuneration can be found in the Remuneration section of this Annual Report and in the Pillar 3 report.
Special topics
In May and June 2017, the R&HR Committee formally advised the Supervisory Board on the remuneration of proposed and future members of Rabobank's new
Managing Board. In preparing its advice, the R&HR studied the outcome of a benchmark assessment of the compensation benefits packages of Managing Board
members. This assessment was done by an independent third party and was based on an overview of a peer group of western European (cooperative) banks and a Dutch
cross-industry peer group.
Other attendees throughout the year
Regular attendees:
Wiebe Draijer
JanineVos
On occasion:
HR professionals involved with specific topics on the agenda
Appeals Committee of the Supervisory Board
General responsibilities and duties
The Appeals Committee carries out the preparations for the Supervisory Board's role as an appeals body or binding advisor if a dispute arises between a Local Members'
Council, a Local Supervisory Body or a Management Team and the Managing Board.
Facts figures
Members on 31-12-2017 Other attendees throughout the year
Irene Asscher-Vonk, chair
LeoGraafsma
Arian Kamp
Meetings
No disputes were referred to the Appeals Committee in 2017.
Rabobank Annual Report 2017 - Corporate governance
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