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.

Released: August 19, 2019

Signatures Updated: September 2019 and December 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 President and CEO
The AES Corporation Executive Officer Anthem, Inc.
Amazon
Greg Case Brian Moynihan Dennis A. Muilenburg
CEO Chairman and CEO Chairman, President & CEO
Aon Bank of America The Boeing Company

Tim Cook José (Joe) E. Almeida Frédéric B. Lissalde

CEO Chairman, President and President and Chief
Apple Chief Executive Officer Executive Officer
Baxter International Inc. BorgWarner Inc.

Eric Foss Philip Blake Rich Lesser

Chairman, President & CEO President Bayer USA CEO
Aramark Bayer USA Boston Consulting Group

Alan B. Colberg Brendan P. Bechtel Robert Dudley

President and CEO Chairman & CEO Group CEO
Assurant Bechtel Group, Inc. BP plc

Randall Stephenson Corie Barry Giovanni Caforio

Chairman and Chief Chief Executive Officer Chairman and Chief
Executive Officer Best Buy Co., Inc. Executive Officer
AT&T Inc. Bristol-Myers Squibb

John A. Hayes Laurence D. Fink Maurice R. Greenberg

Chairman, President Chairman and Chief Chairman and CEO
and CEO Executive Officer C.V. Starr & Co., Inc.
Ball Corporation BlackRock, Inc.
Kewsong Lee David M. Cordani Brian L. Roberts
Co-Chief Executive Officer President and Chief Chairman & CEO
The Carlyle Group Executive 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 Chief Executive Officer Chairman and CEO
Executive Officer CNH Industrial Cummins Inc.
CF Industries

Michael K. Wirth James Quincey Brett White

Chairman and Chief Chairman and Chief Executive Chairman & CEO
Executive Officer Executive Officer Cushman & Wakefield
Chevron Corporation The Coca-Cola Company

Evan G. Greenberg Brian Humphries Larry Merlo

Chairman & CEO Chief Executive Officer President & CEO
Chubb Cognizant CVS Health
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 Dinesh C. Paliwal Charles Phillips
Chairman and CEO President and Chief Chief Executive Officer
General Dynamics Corporation Executive Officer Infor
HARMAN International

Mary Barra Steven R. Swartz Mark S. Sutton

Chairman & CEO President and CEO Chairman and CEO
General Motors Company HEARST Corporation International Paper Co.

David M. Solomon Craig Menear Michael I. Roth

Chairman and Chief Chairman, CEO and President Chairman and Chief
Executive Officer The Home Depot Executive Officer
The Goldman Sachs Group, Inc. Interpublic Group

Bradley J. Preber Darius Adamczyk Linda H. Apsey

Interim CEO Chairman and CEO President & CEO
Grant Thornton LLP Honeywell ITC Holdings Corp.

Deanna M. Mulligan Mike Petters Steve Demetriou

President and CEO President and Chief Chair and CEO
Guardian Life Insurance Executive 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
Alex Gorsky William M. Brown Jeff Gennette
Chairman of the Board and Chairman & Chief Chairman & Chief
Chief Executive Officer Executive Officer Executive Officer
Johnson & Johnson L3Harris Technologies, Inc. Macy’s, Inc.

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 Marillyn A. Hewson Arne M. Sorenson

CEO and Chairman of the Chairman, President and CEO President and Chief
Board Lockheed Martin Corporation Executive Officer
Kiewit Corporation Marriott International, Inc.

Lynne M. Doughtie Bhavesh V. (Bob) Patel Roger W. Crandall

Chairman and CEO Chief Executive Officer Chairman, President & Chief
KPMG LLP LyondellBasell Industries Executive Officer
MassMutual
Ajay Banga Sanjay Mehrotra Ted Mathas
President & CEO President & CEO Chairman, President and CEO
Mastercard Micron Technology New York Life Insurance Co.

Lawrence E. Kurzius Ken Moelis David L. Stover

Chairman, President and CEO Chairman & CEO Chairman and CEO
McCormick and Company, Inc. Moelis & Company Noble Energy, Inc.

Brian Tyler James P. Gorman Kathy Warden

Chief Executive Officer Chairman & CEO Chairman, Chief Executive
McKesson Corporation Morgan Stanley Officer and President
Northrop Grumman Corporation

Kevin Sneader Greg Brown Steve Fisher

Global Managing Partner Chairman & CEO President & CEO
McKinsey & Company 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 Chairman, President & CEO CEO
Executive Officer National Gypsum Company Oracle
MetLife
Brian Chambers David S. Taylor
President and Chief Chairman of the Board,
Executive Officer President and Chief
Owens Corning Executive Officer
The Procter & Gamble Company
Blake D. Moret
Chairman and Chief
Executive Officer
Rockwell Automation

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

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

Chairman, President Chairman & CEO President and Chief
and CEO Raytheon Company Executive Officer
Principal Schnitzer Steel Industries, Inc.
Jeffrey W. Martin Kevin Lobo Rob Speyer
Chairman & CEO Chairman & CEO President & CEO
Sempra Energy Stryker Tishman Speyer

Lisa Davis John F. Fish Alan D. Schnitzer

CEO Chairman & CEO Chairman and Chief
Siemens Corporation USA Suffolk Executive Officer
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 President and Chief President & CEO
and CEO Executive Officer Turner Construction Co.
Southern Company TC Energy

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

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

James P. Keane Richard K. Templeton Oscar Munoz

President and CEO Chairman, President and Chief Executive Officer
Steelcase Inc. Chief Executive Officer United Airlines
Texas Instruments Incorporated
Gregory J. Hayes Curt Morgan Marc Bitzer
Chairman & CEO President & CEO Chairman and Chief
United Technologies Vistra Energy Executive Officer
Corporation Whirlpool Corporation

David Abney Stefano Pessina Abidali Z. Neemuchwala

Chairman and Chief Executive Vice Chairman CEO & Managing Director
Executive Officer and CEO Wipro Limited
UPS Walgreens Boots Alliance

Stuart Parker Doug McMillon Michael J. Kasbar

CEO President and CEO Chairman, President and CEO
USAA Walmart, Inc. World Fuel Services
Corporation

Mortimer J. Buckley Charles W. Scharf Jim Kavanaugh

Chairman & CEO Chief Executive Officer and CEO
Vanguard President World Wide Technology
Wells Fargo

Scott G. Stephenson John J. Engel John Visentin

Chairman, President and Chairman, President and CEO Vice Chairman and Chief
Chief Executive Officer WESCO International, Inc. Executive Officer
Verisk Analytics Xerox Corporation

Robert F. Smith Hikmet Ersek Patrick Decker

Founder, Chairman and Chief Executive Officer President and CEO
CEO Western Union Xylem Inc.
Vista Equity Partners
Alfred F. Kelly, Jr. John F. Barrett Anders Gustafsson
Chairman and Chief Chairman, President & CEO Chief Executive Officer
Executive Officer Western & Southern Financial Zebra Technologies
Visa Inc. Group Corporation

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