Executive Board
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The Executive Board is charged with managing the company, which means, inter alia, that it is responsible for determining the company’s mission, vision, strategy, policy and objectives and for achieving those objectives. The Executive Board is guided in the performance of its duties by the interests and continuity of the company and the undertakings connected with it and makes a balanced assessment of the interests of all relevant stakeholders, including the customers, savers and deposit holders, shareholders, holders of depositary receipts, employees and the society at large.
The members of the Executive Board are appointed by the Supervisory Board. The Supervisory Board notifies the General Meeting of a proposed appointment of a member of the Executive Board.
ABN AMRO and NLFI have agreed in the relationship agreement that, as long as NLFI directly or indirectly holds 10% or more of ABN AMRO’s issued share capital, it shall be given the opportunity to advise on the decision of the Supervisory Board to (re)appoint any member of the Executive Board and/or on the appointment of the chairman of the Executive Board.
The members of the Executive Board
The Executive Board members are:
Former members Executive Board 2023 - 2024
The resumes of the former members of the Executive Board who left ABN AMRO from 2023 are based upon information available at the time of resignation.
Governance of Executive Board
The Rules of Procedure of the Executive Board have been adopted by the Executive Board (with the approval of the Supervisory Board) and include, amongst other things, rules on the Executive Board’s functioning and internal organisation and the rules governing the committees of the Executive Board.
Committees
The Executive Board has installed seven committees:
Group Asset & Liability Committee
Group Asset & Liability Committee is mandated to take decisions on the interest rate and liquidity risk profile as well as the solvency of the group within the parameters set by the Executive Board and responsible for, amongst other things, (i) the methodology and policy for measuring liquidity, currency and interest rate risk, as well as for controlling these risks and for the capital management of the group and (ii) managing the actual interest rate, liquidity risk profile and solvency of the group.
Group Central Credit Committee
The Group Central Credit Committee is mandated to take decisions on the acceptance of counterparty risk relating to credit proposals falling within the scope of the risk appetite determined by the Executive Board and responsible for, amongst other things, providing advice to the Executive Board on credit proposals requiring the Executive Board’s approval.
Group Data Committee
The Group Data Committee has been mandated by the Executive Board to assist and support the Executive Board in the performance of its duties in respect of matters relating to the monitoring of the implementation and execution of data management, data governance and data quality, in particular overseeing the adoption of the Group’s governance on data management, data quality and data reporting as part of the overall risk management framework.
Group Disclosure Committee
The Group Disclosure Committee is responsible for, amongst other things, the advising and supporting of the Executive Board in relation to (i) the supervision on the accuracy and timelines of public disclosures by the group and (ii) the integrity with regard to the financial statements and other public disclosure.
Group Risk Committee
The Group Risk Committee is mandated to review and steer ABN AMRO’s risk profile within the scope of the risk appetite of the bank (as determined by the Executive Board and specified in the risk governance charter) and responsible for, amongst other things, (i) making a proposal annually to determine the risk appetite of the group, (ii) evaluating the actual risk profile of the group and assessing its compatibility with the bank’s risk appetite and (iii) approving new activities and products and risk and capital models.
Group Sustainability Committee
The Group Sustainability Committee has been mandated by the Executive Board to assist and support the Executive Board in the performance of its duties in respect of matters relating to Environmental, Social and Governance (ESG) oversight and strategy for the entire Group and its functions and client units, in particular (but not limited to) ESG opportunities, long, midterm and short-term strategy, value creation, targets, KPI’s, commitments, support stakeholder dialogue on ESG and due diligence obligations with respect to the Group’s own operations and value chains. This involves preparing decision-making by the Executive Board, taking decisions on these topics within its mandate and maintaining oversight over ESG commitments.
Regulatory Committee
The Regulatory Committee is responsible for, amongst other things, (i) ensuring a good understanding and an adequate overview of, (ii) regularly informing and consulting the Executive Board about and (iii) making strategic choices and taking decisions on, matters relating to changing (inter)national laws and regulations affecting the group.