Message from the Chair
At Ryder, we are proud of our long-standing legacy, which has been built on customer service, sound ethics, corporate governance and integrity. We continue to be committed to these sound principles that have served our Company and our stakeholders so well over many years.
Ryder's Board of Directors is charged with overseeing the management of the Company and its business to enhance long-term value for our shareholders and ensure the continuity and vitality of the Company. The Board's fundamental governance policies and practices are set forth in our Corporate Governance Guidelines. These guidelines reflect the Board's ongoing commitment to maximizing the effectiveness of policy and decision-making at both the Board and senior management levels.
Ryder employees throughout the world are expected to conduct business in accordance with the highest ethical standards. These expectations are reinforced in our Principles of Business Conduct. The principles apply in every location in which we do business around the world, as well as to every employee, officer, director and member of our Board of Directors. Our employees know that Ryder's ability to remain an ethical leader in the business community rests on the actions of every single employee in the organization. We also established a Code of Conduct
for our suppliers to ensure that they too understand the importance we place on maintaining the highest ethical and legal standards.
Although it is important that we continue to grow our business, we cannot do so at the expense of violations of the law or through any type of action or dealings that could undermine our hard-earned reputation. To that end, the Company maintains a Global Compliance group that advises employees on compliance and ethics issues, conducts regulatory, compliance and ethics reviews, ensures management is addressing risk areas, maintains oversight over the Company's reporting mechanisms, conducts and supervises investigations, and develops training and policies for employees worldwide.
We have earned and maintained our solid reputation by consistently doing what we say we are going to do, sharing information in an accurate and complete manner and dealing honestly with our stakeholders. We are committed to providing our investors, employees, customers and the public with the information that gives a clear and transparent description of our business operations and performance.
Maintaining these high standards of governance and ethical behavior is important to our long-term growth and success. We take seriously our responsibility to ensure that our Company conducts business fairly, honestly and ethically at all levels of the organization. These are the values on which Ryder's foundation was built and that continue to set us apart in the marketplace.
Robert E. Sanchez
Chair, President and CEO
Ryder System, Inc.