Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
Stakeholder relationships
As Supervisory Board members, we consider ourselves liaison officers for Rabobank. This overview provides insight into our stakeholder relationships.
Type of stakeholder
Contact with members
Members - Next to being loyal clients, our members are our
eyes and ears in the local community. They can act as our
ambassadors, but also question and reflect on Rabobank's
choices and actions.
Contact with the external accountant PwC
External accountant: formal and informal role.
Dutch and foreign regulators
Regulators in the Netherlands/Europe and abroad.
In the Netherlands, these include De Nederlandsche Bank (DNB),
the Netherlands Authority for the Financial Markets (AFM) and
the ECB/DNB Joint Supervisory Team.
Contact with Managing Board members and other Rabobank
professionals
The chair of the Supervisory Board is in close contact with the
chair of the Managing Board and the Chief Financial Officer.
The chair of the Supervisory Board regularly consults with
the Chief Audit Executive internal auditor and the Chief
Compliance Officer.
Informal audit meeting - Chair of the Supervisory Board, the
chair of the Audit Committee, the external auditor and the
Chief Audit Executive internal auditor.
Specifics
All Supervisory Board members attend meetings oftheGMC three to four times a year.
On several occasions members of Supervisory Board Committees confer with or attend GMC
Committee meetings. In 2017, due to (re)appointments in the Managing and the Supervisory Board,
the Appointment Committee had frequent contact with the GMC Committee on Confidential
Matters.
The chair or deputy chair attends all eight Regional Member Council meetings per GMC,
accompanied by another Supervisory Board member.
The chair of the Supervisory Board is technical chair of the GMC and the GMC Emergency Affairs
Committee. The chair and deputy chair attends the meetings of the GMC's Coordination Committee
and the Committee on Confidential Matters.
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.
The external accountant attends every meeting of the Audit Committee and the Risk committee.
At least once a year there is a private session between the Audit Committee and the external
accountant.
There are regular informal contacts, especially with the chair of the Supervisory Board and the chair
of the Audit Committee. The chair of the Supervisory Board, the chair of the Audit Committee, the
external auditor and the internal auditor meet at least four times a year.
The chair of the Supervisory Board, either independently or with the chair of the Managing Board,
maintains contact with external regulators.
The vice chair and the chairs of all committees also meet with members of the JST on a regular basis.
On occasion, a delegation of Supervisory Board members is in contact with and/or meets with US
regulators.
Ongoing
Twelve times per year
At least four times per year
Informal risk organisation meeting - the chair of the risk
committee and the Chief Risk Officer.
Regularly
Informal meetings between chairs of Supervisory Board
Committees and the responsible Managing Board Member(s)
to discuss the agenda of the upcoming meeting.
Informal gatherings or formal meetings (continuous
education) with directors, Rabobank specialists or external
experts, focused on the exchange of information.
Before every Committee meeting
Several times per year
On a rotating basis, members of the Supervisory Board attend Every meeting of the Works Council
meetings of the Works Council as observers.
One of the members of the Supervisory Board has attended
a meeting of the European Works Council (EWC) and will
continue to do so in the future. In 2018, a meeting will
be set up between delegates of the Rabobank Works
Council, the Managing Board and the Supervisory Board
('Drieradenoverleg')
Local branches and Rabobank clients in the Netherlands and
abroad
New initiatives
The Supervisory Board and the Managing Board organised a joint business visit and offsite meeting
in the US in autumn 2017. During this trip, a delegation of Supervisory and Managing Board
members visited some local branches and local clients in the US. The joint offsite was held at the
DLL office in Wayne, Pennsylvania.
Individual members of the Supervisory Board have also paid informal visits to (clients of) local
Rabobanks, affiliates and attended meetings of relevant networks to stay in touch with the
company's core business and client groups.
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