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, December 2019, February 2020, April 2020, June 2020, August
2020, September 2020 and October 2020.
Kevin J. Wheeler Daniel P. Amos Nicholas K. Akins
President & Chief Executive Chairman and CEO Chairman, President and CEO
Officer Aflac American Electric Power
A. O. Smith Corporation

Roger K. Newport Stephen J. Squeri

Robert Ford
Chief Executive Officer Chairman and CEO
President and Chief
AK Steel Corporation American Express
Executive Officer
Abbott

Julie Sweet John O. Larsen Thomas Bartlett

Chief Executive Officer Chairman, President & CEO President and Chief Executive
Designate Alliant Energy Officer
Accenture American Tower Corporation

Carlos Rodriguez Lee Styslinger, III James M. Cracchiolo

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

Mike Burke Jeffrey P. Bezos Gail Koziara Boudreaux

Chairman and CEO Founder and Chief President and CEO
AECOM Executive Officer Anthem, Inc.
Amazon

Andrés Gluski Doug Parker Greg Case

President and CEO Chairman & CEO CEO
The AES Corporation American Airlines Aon
Tim Cook Brian Moynihan Todd Gibbons
CEO Chairman and CEO Chief Executive Officer
Apple Bank of America BNY Mellon

Eric Foss José (Joe) E. Almeida Frédéric B. Lissalde

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

Alan B. Colberg Philip Blake Rich Lesser

President and CEO President Bayer USA CEO
Assurant Bayer USA Boston Consulting Group

Randall Stephenson Brendan P. Bechtel Robert Dudley

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

John Stankey Corie Barry Bernard Looney

Chief Executive Officer Chief Executive Officer Chief Executive Officer
AT&T Inc. Best Buy Co., Inc. BP

John A. Hayes Laurence D. Fink Giovanni Caforio

Chairman, President Chairman and Chief Chairman and Chief
and CEO Executive Officer Executive Officer
Ball Corporation BlackRock, Inc. Bristol Myers Squibb
Bob Biesterfeld Michael F. Neidorff Chuck Robbins
President and Chief Chairman, President, and CEO Chairman and CEO
Executive Officer Centene Corporation Cisco Systems, Inc.
C.H. Robinson Worldwide

Maurice R. Greenberg W. Anthony Will Michael L. Corbat

Chairman and CEO President & Chief Chief Executive Officer
C.V. Starr & Co., Inc. Executive Officer Citigroup, Inc.
CF Industries

Kewsong Lee Michael K. Wirth Lourenco Goncalves

Co-Chief Executive Officer Chairman and Chief Executive Chairman, President and Chief
The Carlyle Group Officer Executive Officer
Chevron Corporation Cleveland-Cliffs, Inc.

David Gitlin Brian Niccol Hubertus M. Mühlhäuser

President and Chief Chairman and Chief Executive Chief Executive Officer
Executive Officer Officer CNH Industrial
Carrier Global Corporation Chipotle Mexican Grill

D. James Umpleby III Evan G. Greenberg James Quincey

Chairman and Chief Chairman & CEO Chairman and Chief
Executive Officer Chubb Executive Officer
Caterpillar, Inc. The Coca-Cola Company

Robert E. Sulentic David M. Cordani Brian Humphries

President & CEO President and Chief Chief Executive Officer
CBRE Group, Inc. Executive Officer Cognizant
Cigna
Brian L. Roberts Larry Merlo Bob Chapek
Chairman & CEO President & CEO Chief Executive Officer
Comcast Corporation CVS Health The Walt Disney Company

Ryan M. Lance Hal Yoh Jim Fitterling

Chairman & CEO Chair and CEO Chief Executive Officer
ConocoPhillips Company Day & Zimmermann Dow

Wendell P. Weeks John May Lynn Good

Chairman, Chief Executive Chief Executive Officer Chairman, President & CEO
Officer & President Deere & Company Duke Energy
Corning Incorporated

Michael S. Dell Ed Breen

James C. Collins, Jr.
Chairman and CEO Executive Chair of the Board &
Chief Executive Officer
Dell Technologies CEO
Corteva Agriscience
DuPont de Nemours, Inc.

Tom Linebarger Punit Renjen JM Lawrie

Chairman and CEO Global CEO Chairman, President, and CEO
Cummins Inc. Deloitte DXC Technology

Brett White Ed Bastian Mike Salvino

Executive Chairman & CEO Chief Executive Officer President and Chief Executive
Cushman & Wakefield Delta Air Lines, Inc. Officer
DXC Technology
Mark J. Costa Carmine Di Sibio James “Jim” D. Farley, Jr.
Chairman and CEO Global Chairman & CEO President and Chief Executive
Eastman Chemical Company EY Officer
Ford Motor Company

Craig Arnold Frederick W. Smith Lachlan K. Murdoch

Chairman and CEO Chairman & CEO Executive Chairman & CEO
EATON FedEx Corporation Fox Corporation

Pedro J. Pizarro Gary Norcross Richard C. Adkerson

President & CEO Chairman, President & CEO Vice Chairman, President and
Edison International FIS Chief Executive Officer
Freeport-McMoRan Inc.

David A. Ricks Revathi Advaithi Sonia Syngal

Chairman and Chief Chief Executive Officer Chief Executive Officer
Executive Officer Flex Gap Inc.
Eli Lilly and Company

Christopher M. Crane Carlos M. Hernandez Phebe Novakovic

President and Chief Chief Executive Officer Chairman and CEO
Executive Officer Fluor Corporation General Dynamics Corporation
Exelon Corporation

Darren W. Woods James P. Hackett Mary Barra

Chairman and CEO President and CEO Chairman & CEO
Exxon Mobil Corporation Ford Motor Company General Motors Company
David M. Solomon Steven R. Swartz Ginni Rometty
Chairman and Chief President and CEO Chairman, President, and Chief
Executive Officer HEARST Corporation Executive Officer
The Goldman Sachs Group, IBM Corporation
Inc

Bradley J. Preber Craig Menear Arvind Krishna

Interim CEO Chairman, CEO and President Chief Executive Officer
Grant Thornton LLP The Home Depot IBM Corporation

Deanna M. Mulligan Darius Adamczyk Charles Phillips

President and CEO Chairman and CEO Chief Executive Officer
Guardian Life Insurance Honeywell Infor
Company of America

Gerald W. Evans Enrique Lores Robert H. Swan

CEO President and CEO Chief Executive Officer
Hanesbrands Inc. HP Inc. Intel Corporation

Stephen B. Bratspies Bruce Broussard Mark S. Sutton

Chief Executive Officer President and CEO Chairman and CEO
Hanesbrands Inc. Humana Inc. International Paper Co.

Dinesh C. Paliwal Mike Petters Michael I. Roth

President and Chief President and Chief Executive Chairman and Chief Executive
Executive Officer Officer Officer
HARMAN International Huntington Ingalls Industries Interpublic Group
Linda H. Apsey Beth E. Mooney William M. Brown
President & CEO Chairman & CEO Chairman & Chief
ITC Holdings Corp. KeyCorp Executive Officer
L3Harris Technologies, Inc.

Steve Demetriou Christopher M. Gorman Beth E. Ford

Chair and CEO Chairman, Chief Executive President and CEO
Jacobs Officer, and President Land O'Lakes, Inc.
KeyCorp

Samuel R. Allen Bruce E. Grewcock Roger A. Krone

Chairman and CEO CEO and Chairman of the Chairman and Chief
John Deere Board Executive Officer
Kiewit Corporation Leidos

Alex Gorsky Michael Hsu Stuart Miller

Chairman of the Board Chairman of the Board and Executive Chairman
and Chief Executive Chief Executive Officer Lennar Corporation
Officer Kimberly-Clark
Johnson & Johnson

George R. Oliver Bill Thomas James D. Taiclet

Chairman and CEO Global Chairman and CEO President and Chief Executive
Johnson Controls KPMG LLP Officer
Lockheed Martin Corporation

Jamie Dimon Lynne M. Doughtie Marillyn A. Hewson

Chairman and CEO Chairman and CEO Chairman, President and CEO
JPMorgan Chase & Co. KPMG LLP Lockheed Martin Corporation
Bhavesh V. (Bob) Patel Arne M. Sorenson Kevin Sneader
Chief Executive Officer President and Chief Global Managing Partner
LyondellBasell Industries Executive Officer McKinsey & Company
Marriott International, Inc.

Jeff Gennette Roger W. Crandall Geoffery S. Martha

Chairman & Chief Chairman, President & Chief Chief Executive Officer
Executive Officer Executive Officer Medtronic, Inc.
Macy’s, Inc. MassMutual

Mark Trudeau Ajay Banga Omar Ishrak

President and CEO President & CEO Chairman & CEO
Mallinckrodt Pharmaceuticals Mastercard Medtronic plc

Lee M. Tillman Ynon Kreiz Michel Khalaf

Chairman, President and CEO Chairman and Chief President & Chief
Marathon Oil Corporation Executive Officer Executive Officer
Mattel, Inc. MetLife

Gary R. Heminger Lawrence E. Kurzius Sanjay Mehrotra

Chairman and CEO Chairman, President and CEO President & CEO
Marathon Petroleum McCormick and Company, Micron Technology
Corporation Inc.

Michael Hennigan Brian Tyler Satya Nadella

President and CEO Chief Executive Officer Chief Executive Officer
Marathon Petrolem McKesson Corporation Microsoft Corporation
Corporation
Ken Moelis Ted Mathas Brian Chambers
Chairman & CEO Chairman, President and CEO President and Chief Executive
Moelis & Company New York Life Insurance Co. Officer
Owens Corning

Raymond McDaniel Jr. David L. Stover Dan Shulman

President and Chief Executive Chairman and CEO President and Chief Executive
Officer Noble Energy, Inc. Officer
Moody’s PayPal, Inc.

James P. Gorman Kathy Warden Ramon Laguarta

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

Greg Brown Steve Fisher Dr. Albert Bourla

Chairman & CEO President & CEO Chief Executive Officer
Motorola Solutions Novelis Pfizer Inc.

Adena T. Friedman Mauricio Gutierrez Greg C. Garland

President and CEO President & CEO Chairman and CEO
Nasdaq NRG Energy, Inc. Phillips 66

Thomas C. Nelson Safra Catz Marc B. Lautenbach

Chairman, President & CEO CEO President and Chief Executive
National Gypsum Company Oracle Officer
Pitney Bowes
Daniel J. Houston Gregory J. Hayes
Christian Klein
Chairman, President Chief Executive Officer
Chief Executive Officer
and CEO Raytheon Technologies
SAP
Principal Corporation

David S. Taylor Thomas A. Kennedy Bill McDermott

Chairman of the Board, Chairman & CEO Chief Executive Officer
President and Chief Raytheon Company SAP
Executive Officer
The Procter & Gamble
Company

Tricia Griffith Blake D. Moret Jim Goodnight

President & CEO Chairman and Chief CEO
Progressive Corporation Executive Officer SAS Institute
Rockwell Automation

Bob Moritz Douglas L. Peterson Tamara L. Lundgren

Chairman President and CEO President and Chief Executive
PwC S&P Global Officer
Schnitzer Steel Industries, Inc.

Steve Mollenkopf Marc Benioff Jeffrey W. Martin

Chief Executive Officer Chair & Chief Executive Chairman & CEO
Qualcomm Incorporated Officer Sempra Energy
Salesforce

Earl C. Austin, Jr. Lisa Davis

Keith Block
President and Chief CEO
Co-CEO
Executive Officer Siemens Corporation USA
Salesforce
Quanta Services
Egon Durban Kevin Lobo Richard K. Templeton
Silver Lake Chairman & CEO Chairman, President and
Stryker Chief Executive Officer
Texas Instruments
Incorporated

Stewart Butterfield John F. Fish Marc N. Casper

Co-Founder and Chief Chairman & CEO Thermo Fisher Scientific
Executive Officer Suffolk Chairman, President and Chief
Slack Technologies, Inc. Executive Officer

Thomas A. Fanning Margaret M. Keane Rob Speyer

Chairman, President Chief Executive Officer and President & CEO
and CEO Member of the Board of Tishman Speyer
Southern Company Directors
Synchrony

James M. Loree Brian Cornell Hal Lawton

President & Chief Chairman & CEO President and Chief Executive
Executive Officer Target Officer
Stanley Black & Decker Tractor Supply Company

Michael L. Tipsord Russell K. Girling Alan D. Schnitzer

Chairman, President & President and Chief Chairman and Chief
Chief Executive Officer Executive Officer Executive Officer
State Farm TC Energy The Travelers Companies Inc.

James P. Keane LeRoy T. Carlson, Jr. M. Troy Woods

President and CEO CEO Chairman, President & CEO
Steelcase Inc. Telephone & Data Systems, Inc. TSYS
Peter J. Davoren David Abney Robert F. Smith
President & CEO Chairman and Chief Executive Founder, Chairman and CEO
Turner Construction Co. Officer Vista Equity Partners
UPS

Lance M. Fritz Stuart Parker Curt Morgan

Chairman, President & CEO CEO President & CEO
Union Pacific USAA Vistra Energy

Scott Kirby Wayne Peacock Stefano Pessina

Chief Executive Officer President and Chief Executive Executive Vice Chairman
United Airlines Officer and CEO
USAA Walgreens Boots Alliance

Oscar Munoz Mortimer J. Buckley Doug McMillon

Chief Executive Officer Chairman & CEO President and CEO
United Airlines Vanguard Walmart, Inc.

Gregory J. Hayes Scott G. Stephenson Charles W. Scharf

Chairman & CEO Chairman, President and Chief Chief Executive Officer and
United Technologies Executive Officer President
Corporation Verisk Analytics Wells Fargo

Carol Tomé Alfred F. Kelly, Jr. John J. Engel

Chief Executive Officer Chairman and Chief Executive Chairman, President and CEO
UPS Officer WESCO International, Inc.
Visa Inc.
Hikmet Ersek Michael J. Kasbar Michael Roman
Chief Executive Officer Chairman, President and CEO Chairman of the Board and
Western Union World Fuel Services Chief Executive Officer
Corporation 3M

John F. Barrett Jim Kavanaugh

Chairman, President & CEO CEO
Western & Southern World Wide Technology
Financial Group

Marc Bitzer John Visentin

Chairman and Chief Vice Chairman and Chief
Executive Officer Executive Officer
Whirlpool Corporation Xerox Corporation

Alan S. Armstrong Patrick Decker

President and Chief President and CEO
Executive Officer Xylem Inc.
The Williams Companies,
Inc.

Abidali Z. Neemuchwala Anders Gustafsson

CEO & Managing Director Chief Executive Officer
Wipro Limited Zebra Technologies
Corporation

Aneel Bhusri Kristin Peck

Co-Founder & CEO Chief Executive Officer
Workday, Inc. Zoetis Inc.