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 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, as well as to
every employee, officer 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 Supplier 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 Compliance & Ethics 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 of the Board and CEO
Ryder System, Inc.