50. Remuneration of the Supervisory
Board and the Managing Board
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About this
Report
Chairman's
Foreword
Corporate
Management Report Appendices Governance
Consolidated Financial Company Financial
Statements Statements
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 42. In 2018, the remuneration of
members of the Managing Board amounted to EUR 10.2 million
(2017 Executive Board: EUR 8.6 million).The increase is related to
the expansion of the Executive board with six members to the
Managing Board with ten members, from September 1, 2017
onwards.
Amounts in thousands of euros Short-term Other Total
employee benefits Post-employee benefits
Pension scheme Individual pension
contribution
Berry Marttin
884
26
188
75
1,173
Jan van Nieuwenhuizen
884
26
188
1,098
Kirsten Konst
800
26
168
2
996
Wiebe Draijer
980
26
211
1,217
Mariëlle Lichtenberg
750
26
156
11
943
leko Sevinga
750
26
156
932
Bas Brouwers
884
26
188
3
1,101
Petra van Hoeken
884
26
188
1,098
Janine Vos
650
26
132
50
858
Bart Leurs
650
26
132
23
831
Total 2018
8,116
260
1,707
164
10,247
Members Managing Board
5,717
175
1,216
14
7,122
Former members Managing Board
1,178
34
252
8
1,472
Total 2017
6,895
209
1,468
22
8,594
Petra van Eloeken, member of the Managing Board, has laid down
her role as Chief Risk Officer (CRO) per February 12019. Els de
Groot took over her activities as CRO. In summer 2019 Petra will
resign for her remaining tasks and her employment relationship
with Rabobank will be terminated. Petra will receive a severance
pay equivalent to one year's salary of EUR 884,000 and her regular
individual pension contribution.
At year-end 2018, there were a total of 2,761 DRNs (liability of
EUR 78,554) outstanding with members of the Managing Board
(year-end 2017 Managing Board: 1,963 pieces of which 486
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 Board can build up a
pension amounts to a maximum, for 2018 ninety-nine thousand
three-hundred and eighty foureuros. Any income exceeding this
amount is not pensionable. As of January 1,2015, the members
of the Managing Board therefore receive an individual pension
contribution.
Expenses related to members and former members of the
Supervisory Board totalled EUR 1.2 million (2017: EUR 1.3 million).
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
October 1,2016 (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 qqq
Committee, additional
Chairman of Appointments Committee together with HR Committee,
additional
Vice chairman, additional 30,000
Chairman 220,000
The table below shows the remuneration (excluding VAT and
other charges) for individual members of the Supervisory Board.
Amounts 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 (from December 12, 2018) 5
Total 2018 992
Total 2017 1,050
Annual Report 2018 - Consolidated Financial Statements
209