Dit prospectus is gemaakt voor de uitgifte van dit product en ... - Iex

Rabobank Group believes that the review of its internal controls over financial reporting has increased theeffectiveness of those controls, including its ability to identify and to remedy any deficiencies at an earlierstage. This results in greater transparency for all stakeholders in the quality of Rabobank Group’s financialreporting process. As a result of its review, Rabobank Group has identified areas to improve, simplify andstandardise specific business processes.Rabobank Group has established and maintains a comprehensive system of internal control measures designedto ensure transactions are executed as authorised, financial reporting is accurate and reliable, and assets aresafeguarded.Rabobank Group has implemented a process whereby finance and business executives throughout RabobankGroup assess and attest the accuracy of financial information as well as the adequacy and effectiveness ofinternal control over financial reporting. Rabobank Group has adopted policies and procedures that:• pertain to the maintenance of records that in reasonable detail accurately and fairly reflect transactionsand dispositions of assets;• provide reasonable assurance that transactions are recorded as necessary to permit preparation offinancial statements in accordance with IFRS as adopted by the European Union, and that receipts andexpenditures are made only in accordance with authorisations of Management; and• provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition,use or disposition of assets that could have a material effect on the financial statements.The internal control framework for the organisation and control of Rabobank Group’s activities is based onthe framework set forth by the Committee of Sponsoring Organisations of the Treadway Commission(“COSO”). As set out in the report included in the financial statements, the Executive Board concluded thatRabobank Group’s internal control over financial reporting is adequate and effective, and consistent with thecriteria established by COSO.Risk managementThe management of Rabobank Group is based on its strategic principles and, by extension, on theinterrelationship among risk, return and capital. Both the DNB and the Bank itself have formulated standardsconcerning Rabobank’s organisation and control.Rabobank’s organisation and control are subject to the Dutch Financial Supervision Act, includingsubordinate legislation based thereon, and regulations imposed by both the DNB and the AFM as supervisoryauthorities. These legal requirements and supervisors’ regulations form Rabobank Group’s framework for theorganisation and control of its activities. For further information, please refer to the relevant sections in thisOffering Circular, and in particular to the section above on “— Controls over financial reporting”, whichaddresses risks relating to financial reporting, and “Risk Management”, which includes a description ofcontrol systems relating to the most important other risks identified by Rabobank Group.The following persons, all of whom are resident in the Netherlands are appointed members of the SupervisoryBoard and the Executive Board of Rabobank Nederland, respectively:296