The Board of Directors is responsible for overseeing the management of Ryder’s business. The Board’s goal is to enhance long-term value for Ryder’s shareholders and to ensure the continuity and vitality of Ryder’s businesses. To assist it in carrying out its duties, the Board has established and delegated certain authority to the following four Committees: Audit Committee, Compensation Committee, Corporate Governance and Nominating Committee and Finance Committee.
In addition, the Board has adopted Corporate Governance Guidelines to further its long-standing goal of providing effective governance of Ryder’s business and corporate affairs.
The Board consists of eleven members, ten of which are independent pursuant to the independence standards set forth in Ryder’s By-Laws and those required by the New York Stock Exchange. Following is background information relating to Ryder’s Board members. This information reflects information set forth in Ryder’s most recent proxy statement and any public announcements regarding any director joining or leaving the Board since the date of the proxy statement.