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Statement on the Purpose of a Corporation

Americans deserve an economy that allows each person to succeed through hard work and creativity
and to lead a life of meaning and dignity. We believe the free-market system is the best means of
generating good jobs, a strong and sustainable economy, innovation, a healthy environment and
economic opportunity for all.

Businesses play a vital role in the economy by creating jobs, fostering innovation and providing
essential goods and services. Businesses make and sell consumer products; manufacture equipment
and vehicles; support the national defense; grow and produce food; provide health care; generate
and deliver energy; and offer financial, communications and other services that underpin economic
growth.

While each of our individual companies serves its own corporate purpose, we share a fundamental
commitment to all of our stakeholders. We commit to:

- Delivering value to our customers. We will further the tradition of American companies
leading the way in meeting or exceeding customer expectations.

- Investing in our employees. This starts with compensating them fairly and providing important
benefits. It also includes supporting them through training and education that help develop
new skills for a rapidly changing world. We foster diversity and inclusion, dignity and respect.

- Dealing fairly and ethically with our suppliers. We are dedicated to serving as good partners to
the other companies, large and small, that help us meet our missions.
- Supporting the communities in which we work. We respect the people in our communities
and protect the environment by embracing sustainable practices across our businesses.

- Generating long-term value for shareholders, who provide the capital that allows companies
to invest, grow and innovate. We are committed to transparency and effective engagement
with shareholders.

Each of our stakeholders is essential. We commit to deliver value to all of them, for the future success
of our companies, our communities and our country.

August 2019
Kevin J. Wheeler Daniel P. Amos Doug Parker
President & Chief Executive Chairman and CEO Chairman & CEO
Officer Aflac American Airlines
A. O. Smith Corporation

Miles D. White Roger K. Newport Nicholas K. Akins


Chairman and Chief Chief Executive Officer Chairman, President and CEO
Executive Officer AK Steel Corporation American Electric Power
Abbott

Julie Sweet Brent Saunders Stephen J. Squeri


Chief Executive Officer Chairman and CEO Chairman and CEO
Designate Allergan plc American Express
Accenture

Carlos Rodriguez John O. Larsen James D. Taiclet


President and CEO Chairman, President & CEO Chairman, President and CEO
ADP Alliant Energy American Tower Corporation

Mike Burke Lee Styslinger, III James M. Cracchiolo


Chairman and CEO Chairman & CEO Chairman and Chief
AECOM Altec, Inc. Executive Officer
Ameriprise Financial

Andrés Gluski Jeffrey P. Bezos Gail Koziara Boudreaux


President and CEO Founder and Chief Executive President and CEO
The AES Corporation Officer Anthem, Inc.
Amazon
Greg Case Brian Moynihan Laurence D. Fink
CEO Chairman and CEO Chairman and Chief
Aon Bank of America Executive Officer
BlackRock, Inc.

Tim Cook José (Joe) E. Almeida


CEO Chairman, President and Charles W. Scharf
Apple Chief Executive Officer Chairman & CEO
Baxter International Inc. BNY Mellon

Eric Foss Philip Blake Dennis A. Muilenburg


Chairman, President & CEO President Bayer USA Chairman, President & CEO
Aramark Bayer USA The Boeing Company

Alan B. Colberg Joe Davis Frédéric B. Lissalde


President and CEO Chairman, North America President and Chief Executive
Assurant BCG Officer
BorgWarner Inc.

Randall Stephenson Brendan P. Bechtel Robert Dudley


Chairman and Chief Chairman & CEO Group CEO
Executive Officer Bechtel Group, Inc. BP plc
AT&T Inc.

Giovanni Caforio
John A. Hayes Corie Barry Chairman and Chief
Chairman, President and CEO Chief Executive Officer Executive Officer
Ball Corporation Best Buy Co., Inc. Bristol-Myers Squibb
Maurice R. Greenberg Evan G. Greenberg
Chairman and CEO Chairman & CEO
C.V. Starr & Co., Inc. Chubb
Brian Humphries
Chief Executive Officer
Cognizant

Kewsong Lee David M. Cordani Brian L. Roberts


Co-Chief Executive Officer President and Chief Executive Chairman & CEO
The Carlyle Group Officer Comcast Corporation
Cigna

D. James Umpleby III Chuck Robbins Ryan M. Lance


Chairman and Chief Chairman and CEO Chairman & CEO
Executive Officer Cisco Systems, Inc. ConocoPhillips Company
Caterpillar, Inc.

Robert E. Sulentic Michael L. Corbat Wendell P. Weeks


President & CEO Chief Executive Officer Chairman, Chief Executive
CBRE Group, Inc. Citigroup, Inc. Officer & President
Corning Incorporated

W. Anthony Will Hubertus M. Mühlhäuser Tom Linebarger


President & Chief Executive Chief Executive Officer Chairman and CEO
Officer CNH Industrial Cummins Inc.
CF Industries

Michael K. Wirth James Quincey Larry Merlo


Chairman and Chief Chairman and Chief President & CEO
Executive Officer Executive Officer CVS Health
Chevron Corporation The Coca-Cola Company
Hal Yoh Mark J. Costa Gary Norcross
Chair and CEO Chairman and CEO Chairman, President & CEO
Day & Zimmermann Eastman Chemical Company FIS

Michael S. Dell Craig Arnold Revathi Advaithi


Chairman and CEO Chairman and CEO Chief Executive Officer
Dell Technologies EATON Flex

Punit Renjen Pedro J. Pizarro Carlos M. Hernandez


Global CEO President & CEO Chief Executive Officer
Deloitte Edison International Fluor Corporation

Jim Fitterling Darren W. Woods James P. Hackett


Chief Executive Officer Chairman and CEO President and CEO
Dow Exxon Mobil Corporation Ford Motor Company

Lynn Good Carmine Di Sibio Lachlan K. Murdoch


Chairman, President & CEO Global Chairman & CEO Executive Chairman & CEO
Duke Energy EY Fox Corporation

JM Lawrie Frederick W. Smith Richard C. Adkerson


Chairman, President, and CEO Chairman & CEO Vice Chairman, President and
DXC Technology FedEx Corporation Chief Executive Officer
Freeport-McMoRan Inc.
Phebe Novakovic Steven R. Swartz Mark S. Sutton
Chairman and CEO President and CEO Chairman and CEO
General Dynamics HEARST Corporation International Paper Co.
Corporation

Mary Barra Craig Menear Michael I. Roth


Chairman & CEO Chairman, CEO and President Chairman and Chief
General Motors Company The Home Depot Executive Officer
Interpublic Group

David M. Solomon Darius Adamczyk Linda H. Apsey


Chairman and Chief Chairman and CEO President & CEO
Executive Officer Honeywell ITC Holdings Corp.
The Goldman Sachs Group, Inc.

Deanna M. Mulligan Mike Petters Steve Demetriou


President and CEO President and Chief Executive Chair and CEO
Guardian Life Insurance Officer Jacobs
Company of America Huntington Ingalls Industries

Gerald W. Evans Ginni Rometty Samuel R. Allen


CEO Chairman, President, and Chairman and CEO
Hanesbrands Inc. Chief Executive Officer John Deere
IBM Corporation

Dinesh C. Paliwal Charles Phillips Alex Gorsky


President and Chief Executive Chief Executive Officer Chairman of the Board and
Officer Infor Chief Executive Officer
HARMAN International Johnson & Johnson
George R. Oliver Beth E. Ford Mark Trudeau
Chairman and CEO President and CEO President and CEO
Johnson Controls Land O'Lakes, Inc. Mallinckrodt Pharmaceuticals

Jamie Dimon Roger A. Krone Lee M. Tillman


Chairman and CEO Chairman and Chief Chairman, President and CEO
JPMorgan Chase & Co. Executive Officer Marathon Oil Corporation
Leidos

Beth E. Mooney Stuart Miller Gary R. Heminger


Chairman & CEO Executive Chairman Chairman and CEO
KeyCorp Lennar Corporation Marathon Petroleum Corporation

Bruce E. Grewcock
CEO and Chairman of the Marillyn A. Hewson
Board Chairman, President and CEO
Kiewit Corporation Lockheed Martin Corporation
Arne M. Sorenson
President and Chief Executive Officer
Marriott International, Inc.

Lynne M. Doughtie Bhavesh V. (Bob) Patel


Chairman and CEO Chief Executive Officer
KPMG LLP LyondellBasell Industries

William M. Brown Jeff Gennette Roger W. Crandall


Chairman & Chief Executive Chairman & Chief Executive Chairman, President & Chief
Officer Officer Executive Officer
L3Harris Technologies, Inc. Macy’s, Inc. MassMutual
Ajay Banga Ken Moelis David L. Stover
President & CEO Chairman & CEO Chairman and CEO
Mastercard Moelis & Company Noble Energy, Inc.

Lawrence E. Kurzius James P. Gorman Kathy Warden


Chairman, President and CEO Chairman & CEO Chairman, Chief Executive
McCormick and Company, Inc. Morgan Stanley Officer and President
Northrop Grumman Corporation

Brian Tyler Greg Brown Steve Fisher


Chief Executive Officer Chairman & CEO President & CEO
McKesson Corporation Motorola Solutions Novelis

Omar Ishrak Adena T. Friedman Mauricio Gutierrez


Chairman & CEO President and CEO President & CEO
Medtronic plc Nasdaq NRG Energy, Inc.

Michel Khalaf Thomas C. Nelson Safra Catz


President & Chief Executive Chairman, President & CEO CEO
Officer National Gypsum Company Oracle
MetLife

Sanjay Mehrotra Ted Mathas Brian Chambers


President & CEO Chairman, President and CEO President and Chief Executive
Micron Technology New York Life Insurance Co. Officer
Owens Corning
Ramon Laguarta Tricia Griffith Douglas L. Peterson
Chairman and CEO President & CEO President and CEO
PepsiCo Progressive Corporation S&P Global

Dr. Albert Bourla Bob Moritz Keith Block


Chief Executive Officer Chairman Co-CEO
Pfizer Inc. PwC Salesforce

Greg C. Garland Steve Mollenkopf Bill McDermott


Chairman and CEO Chief Executive Officer Chief Executive Officer
Phillips 66 Qualcomm Incorporated SAP

Marc B. Lautenbach Earl C. Austin, Jr. Jim Goodnight


President and Chief Executive President and Chief Executive CEO
Officer Officer SAS Institute
Pitney Bowes Quanta Services

Daniel J. Houston Thomas A. Kennedy Tamara L. Lundgren


Chairman, President and CEO Chairman & CEO President and Chief Executive
Principal Raytheon Company Officer
Schnitzer Steel Industries, Inc.

David S. Taylor
Chairman of the Board, Blake D. Moret Jeffrey W. Martin
President and Chief Executive Chairman and Chief Chairman & CEO
Officer Executive Officer Sempra Energy
The Procter & Gamble Company Rockwell Automation
Lisa Davis
Alan D. Schnitzer
CEO John F. Fish Chairman and Chief
Siemens Corporation USA Chairman & CEO Executive Officer
Suffolk The Travelers Companies Inc.

Egon Durban Brian Cornell M. Troy Woods


Silver Lake Chairman & CEO Chairman, President & CEO
Target TSYS

Thomas A. Fanning Russell K. Girling Peter J. Davoren


Chairman, President and CEO President and Chief Executive President & CEO
Southern Company Officer Turner Construction Co.
TC Energy

James M. Loree LeRoy T. Carlson, Jr. Lance M. Fritz


President & Chief Executive CEO Chairman, President & CEO
Officer Telephone & Data Systems, Inc. Union Pacific
Stanley Black & Decker

Richard K. Templeton
James P. Keane
Chairman, President and Oscar Munoz
President and CEO
Chief Executive Officer Chief Executive Officer
Steelcase Inc.
Texas Instruments Incorporated United Airlines

Kevin Lobo Rob Speyer Gregory J. Hayes


Chairman & CEO President & CEO Chairman & CEO
Stryker Tishman Speyer United Technologies
Corporation
David Abney Robert F. Smith John F. Barrett
Chairman and Chief Founder, Chairman and CEO Chairman, President & CEO
Executive Officer Vista Equity Partners Western & Southern
UPS Financial Group

Stuart Parker Curt Morgan Hikmet Ersek


CEO President & CEO Chief Executive Officer
USAA Vistra Energy Western Union

Mortimer J. Buckley Stefano Pessina Marc Bitzer


Chairman & CEO Executive Vice Chairman Chairman and Chief
Vanguard and CEO Executive Officer
Walgreens Boots Alliance Whirlpool Corporation

Scott G. Stephenson Doug McMillon Abidali Z. Neemuchwala


Chairman, President and President and CEO CEO & Managing Director
Chief Executive Officer Walmart, Inc. Wipro Limited
Verisk Analytics

Michael J. Kasbar
Alfred F. Kelly, Jr. John J. Engel Chairman, President and CEO
Chairman and Chief Chairman, President and CEO World Fuel Services
Executive Officer WESCO International, Inc. Corporation
Visa Inc.
Jim Kavanaugh
CEO
World Wide Technology

John Visentin
Vice Chairman and Chief
Executive Officer
Xerox Corporation

Patrick Decker
President and CEO
Xylem Inc.

Anders Gustafsson
Chief Executive Officer
Zebra Technologies
Corporation

Michael Roman
Chairman of the Board and
Chief Executive Officer
3M