Our Leadership 7
A Message from the Chairman and Chief Executive Officer

As Royal Caribbean has grown as a global company, much has changed. But one tenet remains constant – our commitment to integrity and our ethical culture. We are all expected to act in accordance with the highest standards of business ethics. Simply complying with the law is not enough; we need to be ABC (Above and Beyond Compliance).

I personally believe our values are an essential link to our long-standing success as a company. It is not only about being good at what we do, but how we go about doing it – with honesty, fairness, integrity and trust. Throughout the years, we have earned the confidence of our employees, guests, shareholders and communities because of our commitment to our core values and ethical culture.

To help us understand the legal and ethical standards by which we must operate, we have adopted our Code of Business Conduct and Ethics (the “Code”). We periodically update our Code to ensure it remains accurate and relevant to our work. This Code, together with our Company policies, serves as the framework for how we conduct our business.

Our Code has evolved into a company-wide resource and philosophy of ethical decision making and good corporate governance. No matter our previous accomplishments, we must continue to endeavor for ever-improved ethical behavior and integrity. Only in this way can we sustain a great place where we all are proud to work, maintain our strong reputation, and ensure the long-term success of our Company, cruise brands, employees, guests and shareholders.

I urge you to read, understand and comply with the Code and to seek assistance when the right course of action is unclear. There are several resources available to assist you as described in the Code. Upholding our ethical standards not only makes good business sense, but it also reinforces our culture to do what is right.

Thank you for your continued dedication to Royal Caribbean and for your commitment to apply the values and ethical standards embodied in our Code. Together, with our passion to do the right thing, we are guaranteeing our ongoing success and invaluable reputation.


Richard D. Fain
Chairman and Chief Executive Officer

AWARE Compliance and Ethics Hotline
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