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.