49 Remuneration of the Supervisory
Board and the Managing Board
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Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
Summary of services rendered by the auditor,
in addition to the audit of the financial statements
(section 10, subsection 2.g of the EU Regulation
537/2015)
Other audit services required by law or regulatory
requirements
Statutory audits of controlled and related entities
Audit of the regulatory returns to be submitted to European
Central Bank
Assurance engagement for theTLTRO II reporting to be
submitted to De Nederlandsche Bank
Non-audit assurance engagement cost price models for the
Authority Financial Markets
Other audit services
Assurance engagement on the sustainability report
Assurance engagement on the effectiveness of internal
control over financial reporting
Agreed-upon procedures on cost allocations
Special purpose financial statement audits of controlled and
related entities
Comfort letters issued as part of funding transactions and
based on Dutch Accounting Standard 3850N
The members of the Supervisory Board and the Managing
Board are listed in section 55 of these consolidated financial
statements. Rabobank regards the members of the Managing
Board and the Supervisory Board as key management personnel.
The members of the Managing Board are among the identified
staff as disclosed in section 41. In 2017, the remuneration
of members of the Managing Board amounted to 8.6 (2016
Executive Board: 7.5). The increase is related to the expansion of
the Executive board with six members to the Managing Board
with ten members, from 1 September 2017 onwards.
in thousands of euros
Short-term
employee benefits
Post-employment benefits
Other
Total
Pension scheme
Individual pension
contribution
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 September 2017)
267
9
56
1
333
Bart Leurs (in office from 1 September 2017)
217
9
44
270
Mariëlle Lichtenberg (in office from 1 September2017)
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 September 2017)
250
9
52
311
Janine Vos (in office from 1 September2017)
217
9
44
270
Ralf Dekker (in office until 1 September2017)
589
17
126
5
737
Rien Nagel (in office until 1 September 2017)
589
17
126
3
735
Total 2017
6,895
209
1,468
22
8,594
Members Executive Board
4,295
119
921
9
5,344
Former members Executive Board
1,768
50
378
15
2,211
Total 2016
6,063
169
1,299
24
7,555
Ralf Dekker (COO) and Rien Nagel, both members of the
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. At year-end
2017, there were a total of 1,963 DRNs (liability of EUR 62)
outstanding with members of the Managing Board (year-end
2016 Executive Board: 486 pieces of which 289 regarding
former members).The pension scheme for the members of the
Managing Board is classified as a collective defined contribution
scheme. The maximum income on the basis of which the
members of the Managing (2016: Executive) Board can build
up a pension amounts to a maximum, for 2017 ninety-eight
thousand seven-hundred and thirty six euros. Any income
exceeding this amount is not pensionable. As of 1 January 2015,
the members of the Managing (2016: Executive) Board therefore
receive an individual pension contribution.
Rabobank Annual Report 2017 - Consolidated financial statements
236
