Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
Sessions for continuing professional education and other training initiatives
Sessions for the Supervisory Board (Committees):
On 31 March 2017 all Supervisory Board members attended an in-depth presentation given by Rabobank professionals on (the impact of) IFRS 9 and High Priority Models.
On 16 June 2017, almost all members of the Audit Committee and the Risk Committee attended an educational session with Rabobank specialists on Interest Rate Risk in the
Banking Book (IRRBB) and (the risk management implications of) the WRR project Front-to-Back-to-Risk.
On 10 August 2017 the Supervisory Board and the Managing Board held a joint session about Conflict of Interest and Information Handling.
On 14 September 2017 CIOO leko Sevinga and several of his team members extensively informed the Supervisory Board on the items: 'Building tomorrow's bank today',
Architecture, implementation of the CIOO Strategy and One Rabobank, One Infrastructure.
On 7 November 2017 the Supervisory Board and the Managing Board held a joint session with external advisors and Rabobank specialists on Interest Rate Risk in the Banking
Book (IRRBB).
On 16 November 2017 most members of the Supervisory Board's Audit and Risk Committees received training on tax developments, tax primary risks and managing tax risks.
Miscellaneous
Newly appointed Supervisory Board members receive an introduction programme consisting of talks with several Rabobank managers and professionals, and visits to several
Rabobank locations and activities, including local Rabobanks. Jan Nooitgedagt, Pascal Visée and Petri Hofsté completed their introduction programme in early 2017.
On 30 January 2017 they accompanied Marjan Trompetter to a Volcker Rule Training.
On 28 February 2017 Ron Teerlink and Leo Graafsma, Petra van Hoeken and several delegates of Risk Management spoke with Peter van Mierlo and Rogier van Adrichem of
PwCon Fraud Risk Management.
On 2 June 2017 Petri Hofsté, Marjan Trompetter and Pascal Visée attended an educational session for the Executive Board with internal and external speakers on cybersecurity
and privacy.
On 7 December 2017 several Supervisory Board members attended an educational session of the Managing Board on compliance subjects such as anti-money laundering,
counter-terrorism financing, sanctions, CDD and transaction monitoring.
Tailor-made educational sessions with Rabobank professionals can be arranged on requestfor one or more Supervisory Board members. Throughout the year, HR,the
Corporate Secretariat and the Supervisory Board members attend relevant lectures, workshops and so on, both within Rabobank and outside.
Transactions with conflict of interest
In 2017 there were no transactions with a conflict of interest
between Rabobank and members of the Supervisory Board,
members of the former Executive Board or members of the
Managing Board.
Proposal to the GMC and conclusion
In accordance with the relevant provisions of the Articles of
Association of Rabobank, the Supervisory Board has reviewed
Rabobank's Annual Report 2017 and annual accounts, as well as
other relevant, associated information.The Supervisory Board
discussed these documents with the Managing Board, the
internal auditor and external auditors (PwC) and took note of
the unqualified external auditor's report that PwC issued on the
annual accounts in 2017.
The Supervisory Board would like to ask the General Members'
Council to adopt the 2017 annual accounts.
Rounding up: A word of appreciation
We would like to thank our clients in the Netherlands and
worldwide for putting their trust in Rabobank.
Our gratitude also goes out to the employees of Rabobank
for the commitment and resilience they have shown during
the ongoing transition and for the results they achieved in
2017. We are confident that our sharpened mission statement,
'Growing a better world together', combined with empowered
leaders and employees and a better, more adaptive and
forward-looking organisation, will help Rabobank to remain
the meaningful cooperative bank it aims to be, one that makes
a significant contribution to welfare and prosperity in the
Netherlands and to helping to solve the global food issue.
Utrecht, 8 March 2018
Supervisory Board Rabobank
Rabobank Annual Report 2017 - Corporate governance
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