About this
Report
Chairman's
Foreword
Corporate
Management Report Appendices Governance
Consolidated Financial Company Financial
Statements Statements
list was updated on a quarterly basis not only with regard to
personal changes on Identified Staff positions, but also with an
aim to include or exclude Identified Staff positions after
reorganizations. In addition to the specific performance
management requirements, we have established specific risk
mitigating measures for Identified Staff receiving variable pay.
These include the division of variable pay into a cash component
and an instruments component. The deferred payment covers a
sufficient period of time to allow the ex-post test to be
performed. The deferral period is three years. For those
employees qualified as 'Senior management', however, the
deferral policy stretchestofiveyears. Alsoforemployees receiving
variable pay above a certain amount, but not being Identified
Staff, a deferral policy applies in order to allow the ex posttest to
be performed.
Supervisory Board
The remuneration packages of the members of the supervisory
board were revised in 2016, so that they would be in line with the
Rabobank's vision on reward and remuneration and the cross-
industry benchmark data for similar positions. In 2018 no changes
were made, so the remuneration packages were as follows:
Individual Remuneration
The individual remuneration in 2018 for members of the
supervisory boards are shown below:
As ofOctber 1,2016 Fee Structure
As of Octber 1,2016 Fee structure
In euro's Fee
Member 90.000
Chair of Audit Committee, Risk 20.000
Committee, Cooperative Issues
Committee, additional
Chair of Appointments Committe 20.000
together with HR Committee,
additional
Vice-Chair, additional 30.000
Chair 220.000
Remuneration Supervisory Board
In thousands of euros Remuneration
Irene Asscher-Vonk 90
Leo Degle 90
Leo Graafsma (until April 18,2018) 33
Petri Hofsté 104
Arian Kamp 110
Jan Nooitgedagt 110
Ron Teerlink 220
Pascal Visée 90
Marjan Trompetter 140
Annet Aris 5
Total 2018 992
Total 2017 1,050
Individual Loans and Certificates
The outstanding loans of the members of the Supervisory Board
in office on December 31,2018 and the average interest rates
were as follows:
Outstanding Loans Supervisory Board
In millions of euros Outstanding Loans Average Interest Rate
(in
On December 31,2018
Annet Aris 0.2 5.2
Arian Kamp 1.3 1.7
Marjan Trompetter 0.6 2.5
At year-end 2018, those members of the Supervisory Board not
listed in the table had not received any loans, advances or
guarantees.
Several members of the Supervisory Board have invested in
RabobankCertificates in person and/orthrough a private pension
company. On December 31, 2018, the number of Rabobank
Certificates per individual member were as follows:
Certificates of members of the Supervisory Board
Number of Rabobank Certificates Remarks
On December 31,2018
Irene Asscher-Vonk 14,995
Leo Degle 4,836 in pension B.V.
Managing Board
The Managing Board Remuneration Policy, in line with the
general HR mission, focuses on contribution and leadership. It
emphasizes the offer of a remuneration proposal within the salary
range of the members of the Managing Board that matches the
market based position reference point of their role and that also
compares their personal leadership profile to the desired
leadership profile. Managing Board members are appointed for a
Annual Report 2018 - Corporate Governance
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