3 7 Proposals regarding the appropriation
of available profit for Rabobank
33 Approval of the Supervisory Board
32 Events after the reporting period
Contents Introduction Management report Appendices Corporate governance Consolidated Financial Statements Company Financial Statements
At year-end 2017, the members of the Supervisory Board not
listed in the table had not received any loans, advances or
guarantees. These transactions with members of the Managing
(2016: Executive) Board and Supervisory Board were completed
in person on the basis of employee terms and conditions and/
or market rates for the Supervisory Board. The rates depend in
part on the currency, the agreed fixed-interest period and the
time the transaction was completed or the time a new fixed-
interest term becomes effective.
Some members of the Supervisory Board have personally
invested in Rabobank Certificates in person and/or through
their own pension B.V. At year-end 2017, this involved in total
18,350 certificates.
Certificates of member of the
Number of Rabobank
Remarks
Supervisory Board
Certificates
On 31 December 2017
Irene Asscher-Vonk
6,894
Leo Degle
4,836
in pension B.V.
Leo Graafsma
4,050
in pension B.V.
Number of Rabobank
Certificates
On 31 December 2017
Kirsten Konst 800
Mariëlle Lichtenberg 1,770
Of the profit of 2,616,1,086 is payable to the holders of Capital
Securities and Rabobank Certificates in accordance with
Managing Board resolutions. It is proposed that the remainder
of the profit be added to the general reserve held by Rabobank.
The publication of these financial statements was approved
by the Supervisory Board on 8 March 2018.The financial
statements will be presented to the General Meeting, to be held
on 18 April 2018, for adoption. With regard to the adoption of
the financial statements of Rabobank, the Articles of Association
state:'The resolution to adopt the financial statements will be
passed by an absolute majority of the votes validly cast by the
General Members'Council'.
On behalf of the Managing Board
Wiebe Draijer, Chairman
Bas Brouwers, CFO
Petra van Hoeken, CRO
Kirsten Konst, Member
Bart Leurs, Member
Mariëlle Lichtenberg, Member
Berry Marttin, Member
Jan van Nieuwenhuizen, Member
leko Sevinga, Member
Janine Vos, Member
On behalf of the Supervisory Board
Ron Teerlink, Chairman
Marjan Trompetter, Vice Chairman
Irene Asscher-Vonk, Secretary
Leo Degle
Leo Graafsma
Arian Kamp
Jan Nooitgedagt
Petri Hofsté
Pascal Visée
On 2 January 2018 Rabobank announced that its California-
based subsidiary has taken a provision of EUR 310 million in
2017.This decision anticipated on an expected settlement
connected to previously disclosed investigations. RNA has
been under investigation since 2013 by the U.S. Department
of Justice and other U.S. authorities for possible violations of
the U.S. Bank Secrecy Act and other regulations and statutes in
relation to its historical AML compliance programme, and the
Office of the Comptroller of the Currency's ('OCC') examination
of that programme in the past. RNA has been cooperating with
the authorities during their investigations, and in Lebruary 2018
these discussions have been settled in line with the provision
taken.
Rabobank Annual Report 2017 - Company financial statements
266
