The Managing Board is responsible for defining and achieving the business objectives, the strategy and the profit performance. It is also responsible for ensuring compliance with all the relevant laws and regulations, controlling the risks connected with the business activities and financing the activities.
In carrying out its responsibilities, the Managing Board acts in both the interests of its own organisation and of its customers and employees. The Managing Board renders accountability to the Supervisory Board and the General Members Council.
Each member of the Managing Board has thorough knowledge of the financial sector in general and the banking industry in particular and a keen understanding of Rabobank's social functions and the interests of all its stakeholders. All the members of the Managing Board must also have the far-reaching knowledge needed to assess and determine Rabobank's overall policy and to form well-considered opinions concerning the risks involved.