Supervisory board

Supervisory Board members are appointed by the General Meeting upon nomination by the Supervisory Board. The Supervisory Board in principal must nominate candidates recommended by the Employee Council for one-third of the Supervisory Board members. The General Meeting can only withdraw confidence in the full Supervisory Board but cannot dismiss individual members. After their initial four-year terms, members of the Supervisory Board can be re-appointed twice. Any prospective member or re-appointee is required to meet the criteria as set out in the profile for the Supervisory Board. This profile is included in the Rules of Procedure of the Supervisory Board.

ABN AMRO and NLFI have agreed in the Relationship Agreement that NLFI shall be given the opportunity to advise on the appointment of the chair of the Supervisory Board. NLFI has this right as long as NLFI directly or indirectly holds 10% or more of ABN AMRO Bank’s issued share capital. Until that moment, NLFI has the right to pre-approve the adoption of and any amendment to the profile for the Supervisory Board.

Supervisory Board

Former members Supervisory Board 2024

The resumes of the former members of the Supervisory Board who left ABN AMRO in 2024 are based upon information available at the time of resignation.

Governance of Supervisory Board

The Rules of Procedure of the Supervisory Board contain rules about how the Supervisory Board functions and is organized internally. It includes the board's profile and the regulations for its committees.

The retirement schedule of the Supervisory Board gives information about the date when members are appointed, reappointed, the length of their appointment, and the final date when they retire from the Supervisory Board.

Committees

The Supervisory Board has installed five committees:

Audit Committee

The Audit Committee directly supervises all matters related to financial and sustainability reporting and control. It is responsible for overseeing and advising the entire Supervisory Board on various topics, including (i) accounting policies, (ii) internal control and financial and sustainability reporting functions, (iii) internal and external audits, (iv) risk assessment of issues that may affect financial and sustainability reporting, and (v) compliance with relevant regulations.

The Audit Committee is composed of Sarah Russell (chair), Michiel Lap, Tom de Swaan and Mariken Tannemaat.

Remuneration Committee

The Remuneration Committee supervises and advises the entire Supervisory Board on several matters, including (i) remuneration policies and how they are carried out for members of the Executive Board, the Supervisory Board, and selected senior management members, and (ii) reporting on how these remuneration policies are implemented through a remuneration report.

The Remuneration Committee is composed of Arjen Dorland (chair), Laetitia Griffith, Tom de Swaan, Mariken Tannemaat and Femke de Vries.

Risk & Capital Committee

The Risk & Capital Committee supervises and advises the entire Supervisory Board on various matters, including (i) risk management and control, (ii) compliance, (iii) capital allocation and liquidity requirements, (iv) the bank's risk appetite, (v) regulatory compliance, such as codes of conduct and internal procedures, (vi) risk awareness within the bank, (vii) the integration of sustainability, climate-related, and environmental risks into the risk management framework, and (viii) sound remuneration policies and practices in light of risk, capital, liquidity and expected earnings.

The Risk & Capital Committee is composed of Michiel Lap (chair), Arjen Dorland, Sarah Russell and Femke de Vries.

Selection & Nomination Committee

The Selection & Nomination Committee supervises and advises the entire Supervisory Board on several matters, including (i) the selection, appointments, reappointments, and succession plans for the Supervisory Board and the Executive Board, and (ii) the knowledge, skills, experience, performance, size, composition, and profile of both boards.

The Selection & Nomination Committee is composed of Tom de Swaan (chair), Arjen Dorland, Laetitia Griffith and Sarah Russell.

Supervisory Sustainability Committee

The Supervisory Sustainability Committee supervises and advises the entire Supervisory Board on several matters, such as (i) the sustainability aspects in the Group's strategy and policy, (ii) the impact of ABN AMRO on people and the environment, and how these issues affect ABN AMRO, (iii) the Group's climate strategy and the related climate action plan, and (iv) overseeing, supporting, and challenging the actions taken by the Executive Board to lead the Group as a sustainable company.

The Supervisory Sustainability Committee is composed of Femke de Vries (chair), Laetitia Griffith, Michiel Lap and Mariken Tannemaat.