Each local Rabobank now has direct representation on behalf of its members in the highest organ of the cooperative, the General Members’ Council, which decides on the strategy of the entire bank, amongst other things. The 106 local banks and Rabobank Nederland will work together from one cooperative holding, one banking licence and in the release of one set of financial statements. By moving to a new structure, Rabobank is acting in anticipation of legislative and regulatory change and gearing up to respond more effectively to future developments.
De Brauw was involved from the start of the process and advised on possible governance structures, strategic legal questions, and the design of the new governance structure, and coordinated the overall merger process.
Martin van Olffen, Mariken van Loopik, Angela van Breda and Paula Ravensbergen