There is no superior model for the governance of Dutch banks

Interview in the Dutch Financial Times (het Financieel Dagblad)

This is what Theo Camps, Chairman of Berenschot’s Executive Board, in his role as chairman of the Supervisory Board of the Rabobank Rijk van Nijmegen, states in the FD dated 10 June 2013.

In the 2010 Cooperative Handbook, Jean Frijns presents the cooperative model as a good solution for the Dutch State, which, as he indicates, is at its wit’s end in terms of what to do with the ABN Amro. As a solution to this problem, a cooperative will be set up with ABN Amro’s current customers as participants.

The Cooperative will purchase the shares from the State. The State will then have to provide transition financing to the Cooperative, but this can be repaid from the profits that the bank will have to pay to the Cooperative. The quality of the system of governance will then have to guarantee the adoption of a clear strategy, sound financing and the creation of opportunities for growth.

An interesting thought, because there is no superior governance model for banks.

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Author(s)
Theo Camps

Title
Superieur model voor governance van Nederlandse banken bestaat niet. Heroriëntatie Rabobank vraagt om nieuwe governance bínnen de coöperatieve grondstructuur

Source
FD, 10th of June 2013

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