Supervisory Board
ABN AMRO Group N.V. and ABN AMRO Bank N.V. share the same Supervisory Board. As its name suggests, the Supervisory Board supervises the state of play, course of business and Managing Board at ABN AMRO, led by the interests of both the company and all its stakeholders. The Supervisory Board also gives support and advice to the Managing Board.
Supervisory Board members are appointed by the Annual General Meeting of Shareholders. After their initial four-year terms, members can be re-appointed twice. Any prospective member or re-appointee is required to meet the criteria as set out in the membership profile.
Candidates are put forward by the Supervisory Board and the Works Council. The Works Council has the right to nominate one-third of the total Supervisory Board membership.
The Supervisory Board members are:
Governance of Supervisory Board
The document containing the Rules of Procedures of the Supervisoy Board includes the profile of the Board's scope and composition, resignation rota for the Board's members and the rules governing the committees of the Supervisory Board.
Click on the link below to view the Rules of Procedure of the Supervisory Board.
Rules of Procedure of the Supervisory Board (available in Dutch only)
Committees
The Supervisory Board has installed three committees:
Audit Committee
This committee monitors the effectiveness of the bank's internal risk management and control systems, and provides assistance to the Supervisory Board in assessing financial disclosures. The committee consists of Hans de Haan (Chairman), Hessel Lindenbergh, Bert Meerstadt and Rik van Slingelandt.
Remuneration, Selection and Nomination Committee
This committee prepares the selection, nomination, re-nomination and succession of the members of the Supervisory and Managing Boards. The committee periodically assesses the performance of the members of both boards, defines the principles governing Managing Board remuneration and decides compensation and fringe benefits, pensions and any other relevant schemes. The committee consists of Peter Wakkie (Chairman), Steven ten Have, Hessel Lindenbergh, Marjan Oudeman and Rik van Slingelandt.
Risk and Capital Committee
This committee is in charge of the annual approval of the bank's risk appetite; the periodical assessment of its strategy; the regular review of its risk profile; the assessment of its risk management functions; the testing of its risk framework, including organisational structure and decision-making; and the review of decisions that materially affect the bank's capital allocation, liquidity and/or its risk profile. The committee consists of Rik van Slingelandt (Chairman), Hans de Haan, Hessel Lindenbergh, Annemieke Roobeek and Peter Wakkie.
