We are committed to governance policies and practices that ensure shareholder and other stakeholder interests are represented in a thoughtful and independent manner. Sound principles of corporate governance are critical to obtaining and retaining the trust of investors. They are also vital in securing respect from other key stakeholders and interested parties -- including employees, our guests, suppliers, the communities in which we conduct business, government officials and the public at large.

Carnival Corporation and Carnival plc operate under a dual listed company structure with primary stock listings in the United States and the United Kingdom. Accordingly, we have implemented a single corporate governance framework consistent, to the extent possible, with the governance practices and requirements of both countries. While there are customs or practices that differ between the two countries, we believe our corporate governance framework effectively addresses the corporate governance requirements of both the United States and the United Kingdom.

Our corporate governance principles are set forth in our Corporate Governance Guidelines and the charters of our Board committees. The actions described in these documents -- which the Boards have reviewed and approved -- implement requirements of the Sarbanes-Oxley legislation, the New York Stock Exchange listing requirements and, to the extent practicable, the Combined Code on Corporate Governance appended to the United Kingdom Listing Authority’s listing rules, as well our own vision of good governance.

We will continue to monitor governance developments in the United States and the United Kingdom to ensure a vigorous and effective corporate governance framework of the highest international standards.