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

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Miles D. White Roger K. Newport Nicholas K. Akins Chairman and Chief Chief Executive Officer Chairman, President and CEO Executive Officer AK Steel Corporation 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.

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

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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

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Kewsong Lee David M. Cordani Brian L. Roberts Co-Chief Executive Officer President and Chief Chairman & CEO The Carlyle Group Executive Officer Corporation Cigna

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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 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

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Lynn Good Carmine Di Sibio Lachlan K. Murdoch Chairman, President & CEO Global Chairman & CEO Executive Chairman & CEO Duke Energy EY

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 , 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 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 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 Blake D. Moret President and Chief Chairman of the Board, Chairman and Chief Executive Officer President and Chief Executive Officer Owens Corning Executive Officer Rockwell Automation The Procter & Gamble Company

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 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 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

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 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