Our people

Governance

Rabobank is a cooperative bank. It has a strong connection with society and organises customer services as closely to its customers as possible. Customers of Rabobank in the Netherlands can become a member of Rabobank. Many of our customers become members because they feel involved in their local area. Together with other members and employees of Rabobank, they dedicate themselves to a stronger society. By now, more than two million customers have become a member of Rabobank!

Members involvement

Since Rabobank was founded in the Netherlands at the end of the 19th century, members form the foundation of Rabobank. Members play an important role in the bank’s governance and their input gives guidance to Rabobank’s development and social contribution.

The members have a say and staggered representation in the governance of Rabobank.

General Members’ Council

The General Members Council (ALR) is Rabobank’s highest decision making member body. The ALR consists of one member from each local supervisory board. The ALR currently has 78 members and meets at least two times per year.

The GMC safeguards that Rabobank gives noticeable, tangible and visible expression to its cooperative identity. Important topics that the GMC has a say in or has a right of advice on are Rabobank’s strategic framework and identity, material investments, the main points of the budget, and the annual report. GMC-members have a strong connection with the members. They gather insights in advance from local members’ councils, among others, and render account for the decision-making and their own position afterwards. Members of the Supervisory Board Rabobank (SB) are appointed by the GMC and the chair of the Supervisory Board chairs the GMC. The Supervisory Board appoints the members of the Managing Board.

Members form the basis of the cooperative Rabobank. Members are assigned to local areas. Currently, there are 78 local areas. Members are the banks eyes and ears and act as sparring partner of the Local Director on the customer services and the social performance of Rabobank in the local area.

The members appoint the members of the Local Members’ Council in a local area. A Local Members’ Council consists of 30 to 50 members and has several formal powers. For example, each Local Members’ Council appoints the members of the Local Supervisory Body and one of them as member of the GMC. The Local Supervisory Body in a local area consist of 3 to 5 members and has multiple responsibilities and powers, including a supervisory role on customer services and the social performance of Rabobank in the local area.

This governance structure based on members’ involvement ensures that the input of Rabobank’s members continues to give guidance to the development of the cooperative Rabobank.

Managing Board

The Managing Board monitors the company’s targets, strategy and results. It is also responsible for compliance with all legislation and regulations, risk management and the financing of all activities. The Managing Board acts in the interests of the organization, its clients and employees in performing its duties. The Managing Board is accountable to the Supervisory Board and the General Members Council.

Stefaan Decraene

Chair Managing Board

Bas Brouwers

Member of the Managing Board

Els Kamphof

Member of the Managing Board

Carlo van Kemenade

Member of the Managing Board

Vincent Maagdenberg

Member of the Managing Board

Philippe Vollot

Member of the Managing Board

Janine Vos

Member of the Managing Board

Lara Yocarini

Member of the Managing Board

Alexander Zwart

Member of the Managing Board

Supervisory Board

The Supervisory Board oversees the policies pursued by the Managing Board and the general procedure at Rabobank and its affiliated entities. The Supervisory Board also monitors compliance with all applicable rules. The General Members Council appoints the members of the Supervisory Board. Any perceived conflict of interest must be avoided.