Supervisory Board

The Supervisory Board advises the Managing Board, keeping the interests of the company and its business in the foreground rather than the interests of any particular stakeholder. Supervisory Board members are not employees, but receive an annual remuneration for their duties.

The Supervisory Board of ABN AMRO currently consists of 10 members who are appointed for a term of four years. The Board appoints a Chairman, Vice Chairman, Audit Committee, Compliance Oversight Committee and Nomination & Compensation Committee from among its members.

Strict criteria are in force to ensure the Supervisory Board's independence. Candidates recommended for appointment or reappointment to the Supervisory Board should meet the criteria of the profile.

You can see Supervisory Board members' resumés and photos.


Governance Supervisory Board
The rules governing the Supervisory Board's principles and best practices consists of:

• Governance rules
• Profile of the Board's scope and composition
• Resignation rota for the Board's members
• Rules governing the Audit Committee
• Rules governing the Nomination and Compensation Committee
• Rules governing the Compliance Oversight Committee

Read the 'Rules Governing the Supervisory Board's Principles and Best Practices'.

Audit Committee
The Audit Committee prepares the discussion of the quarterly and annual results. It regularly reviews and discusses the overall risk profile, the quality of the loan portfolio and the bank's large exposures. You can read more about our Auditor Independence Policy.

In addition, the Committee reviews the bank's accounting policies, the internal auditor function, the bank's audit charter and the internal control procedures and mechanisms. The committee consists of at least of four members of the Supervisory Board who are appointed for four years.

The Audit Commitee consists of Andre Olijslager (Chairman), Gert-Jan Kramer, Ana Maria Llopis Rivas and Arthur Martinez (standing invitation).

Read the Audit Committee Pre-Approval Policy for External Audit Firm Services.

The Nomination & Compensation Committee
The Nomination & Compensation Committee's tasks include preparing the selection and nomination of members of the Supervisory and Managing Boards and determining the compensation plans of Managing Board members submitted to the Supervisory Board for approval.

The Committee consists of three members: Trude Maas-de Brouwer (Chairman), Anthony Ruys and Arthur Martinez.

The Compliance Oversight Committee
The Compliance Oversight Committee is responsible for supervising the bank's compliance organisation, activities and risk profile.

More specifically, the Compliance Oversight Committee is responsible for supervising, monitoring and advising the Managing Board on the effect of internal risk management and control systems, including supervision of the enforcement of the relevant legislation and regulations, and supervising the effect of codes of conduct.

Furthermore, the Compliance Oversight Committee is responsible for setting the correct tone from the top by communicating, along with the full Supervisory Board, the importance of compliance to the Managing Board and the bank, and supervising the Managing Board's similar communications regarding the importance of compliance to the bank.

The Compliance Oversight Committee consists of three members: Arthur Martinez (Chairman), Trude Maas-de Brouwer and Rob van den Bergh.

Security transaction regulations for Supervisory Board
ABN AMRO's regulations concerning Private Portfolio Investment Transactions apply to members of the Supervisory Board.

Based on these regulations, members of the Supervisory Board are required (i) to report forthwith to the Compliance Officer every private securities transaction (irrespective of the country of listing) that they execute (the 'notification requirement') and (ii) to effect their transactions in securities through ABN AMRO's securities services (the 'location requirement').

If the member of the Supervisory Board meets the location requirement through ABN AMRO in the Netherlands, the notification requirement will be fulfilled by ABN AMRO. The notification and location requirements shall not apply if (i) subject to certain conditions, members of the Supervisory Board have concluded a written discretionary management agreement or (ii) if the securities transaction is to execute a transaction in (a) (semi-) open-ended investment funds, (b) government bonds issued by OECD countries or (c) financial instruments linked to official indices, e.g. AEX options.

On special grounds, dispensation of the location requirement can be granted. In such case, the notification requirement still applies.

Transactions in ABN AMRO securities are only allowed during open periods and only following written consent granted by the Compliance Officer.