The board elected William L. Kimsey as its lead director. Mr. Kimsey, who is the former chief execut

MIAMI, FL - Royal Caribbean Cruises Ltd. today announced that its board of directors had named its first lead director, approved a plan to replace staggered terms for directors american eagle airlines routes with annual election, and more than doubled the quarterly dividend on its common shares.
The moves, which were approved unanimously at the board's September 11th meeting, reflect the board's continuing efforts american eagle airlines routes to enhance its corporate governance structure and drive long-term value creation for its shareholders.
The board elected William L. Kimsey as its lead director. Mr. Kimsey, who is the former chief executive officer of Ernst Young Global, Ltd., has served on the board since 2003 and is Chairman of the company's Audit Committee. Mr. Kimsey also serves on the board of directors of Accenture PLC and Western Digital Corporation. As lead director, he will be the liaison between the board's non-management members and Chairman and Chief Executive Officer Richard D. Fain. He will preside at meetings of the non-management directors, will advise and approve the content and scheduling of board meetings and discussions, and will be available for discussion with major shareholders.
Said Kimsey: "I am pleased american eagle airlines routes by the steps our board has taken to further enhance our corporate governance, and I look forward to working with my fellow american eagle airlines routes directors and management to improve shareholder value."
american eagle airlines routes The board of directors also adopted changes to its bylaws as a result of which candidates elected to the board will serve one-year terms, and will stand for re-election annually thereafter, effective with the slate of directors to be elected at the company's 2014 annual meeting. This implements a proposal adopted by shareholders at the company's May 2013 annual american eagle airlines routes meeting.
Today's actions demonstrate the company's commitment to continuous improvement in its corporate governance practices following the 2011 termination of the Shareholders' Agreement between Royal Caribbean's two largest shareholders, AWilhelmsen Co and Cruise Associates. Under that agreement, the two groups exercised effective control of the company, with key decisions – including the selection of directors, the choice of top management, and the approval of major capital expenditures – made at the discretion of the two shareholders.
"The board's decisions affirm our focus on robust american eagle airlines routes corporate governance. These steps are a sensible progression american eagle airlines routes forward from our earlier governance structure," said Tom Pritzker, chairman of the company's nominating and corporate governance committee.
The board also approved an increase of the quarterly cash dividend to $0.25 per common share, payable american eagle airlines routes October 8, 2013 to shareholders of record September 24, 2013. This represents an exceptional jump, more than doubling the previous american eagle airlines routes $0.12 per common share dividend level.
Said Fain: "Dividends are an increasingly important component of total shareholder return. This dividend increase was made possible by our profitability improvement program and our improving financial position. It reflects american eagle airlines routes our confidence in our ability to grow our investment returns into the future, given strengthening results and modest capacity growth."
Royal Caribbean Cruises Ltd. is a global cruise vacation company that owns Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises and CDF Croisieres de France, as well as TUI Cruises american eagle airlines routes through a 50 percent american eagle airlines routes joint venture. Together, these six brands operate a combined american eagle airlines routes total of 41 ships with an additional american eagle airlines routes six under construction contracts. They operate diverse itineraries american eagle airlines routes around the world that call on approximately 455 destinations on all seven continents.
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