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Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
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.
Expenses related to members and former members of the
Supervisory Board totalled 1.3 (2016:1.2).This includes
VAT and employer's contributions payable. In addition to
the role of Member of the Supervisory Board of Rabobank,
the remuneration also depends on the roles in the various
committees. The composition of these committees is detailed in
the Annual Report.The remuneration structure as of 1 October
2016 (exclusive of VAT and other charges) is:
As of 1 October 2016 the fee structure (in euros): Fee
Member 90,000
Chairman of Audit Committee, Risk Committee,
Cooperative Issues Committee, additional 20,000
Chairman of Appointments Committee together with HR
Committee, additional 20,000
Vice chairman, additional 30,000
Chairman 220,000
At Rabobank, the Chairman of the Supervisory Board holds
a number of roles which are related to the cooperative.
These roles are specified in the Annual Report.
In millions of euros
Managing (2016:
Executive) Board
Supervisory
Board
Loans, advances and guarantees
2017
2016
2017 2016
Outstanding on 1 January
4.1
4.3
1.3 1.4
Provided during the year
0.8
0.7
Redeemed during the year
(1.3)
(0.8)
(0.1) (0.1)
Reduction on account of leaving office
(1.8)
Increase on account of taking office
3.9
0.6
Outstanding on 31 December
5.7
4.1
1.9 1.3
The loans, advances and guarantees of the members of the
Managing Board in office and the average interest rates were
as follows:
In millions of euros 2017
Outstanding Average interest
Loans, advances and guarantees loans rate (in
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
JanineVos 0.9 2.3
In millions of euros 2016
Outstanding Average interest
Loans, advances and guarantees loans rate (in
Bas Brouwers 0.5 2.6
Berry Marttin 0.4 5.8
Ralf Dekker 1.0 2.1
Rien Nagel 1.0 2.2
Jan van Nieuwenhuizen 1.2 2.0
The table below shows the remuneration (excluding VAT and
other charges) for individual members of the Supervisory Board.
in thousands of euros
Remuneration
Irene Asscher-Vonk
90
Leo Degle
90
Leo Graafsma
110
Petri Hofsté
90
Arjen Kamp
110
Jan Nooitgedagt
110
Ron Teerlink
220
Marjan Trompetter
140
Pascal Visée
90
Total 2017
1,050
Total 2016
975
The loans, advances and guarantees of the members of the
Supervisory Board in office and the average interest rates were
as follows:
Outstanding
Average interest
In millions of euros
loans
rate (in
On 31 December 2017
Arjen Kamp
1.4
2.0
Marjan Trompetter
0.4
2.1
Outstanding Average interest
In millions of euros loans rate (in
On 31 December 2016
Arjen Kamp 0.9 2.6
Marjan Trompetter 0.4 4.0
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