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, October 2020, February 2021 and July 2021.
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Roger K. Newport Stephen J. Squeri Robert Ford Chief Executive Officer Chairman and CEO President and Chief Executive AK Steel Corporation American Express 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 Steven H. Collis Chairman and CEO Founder and Chief Chairman, President and AECOM Executive Officer Chief Executive Officer Amazon AmerisourceBergen Corporation
Andrés Gluski Doug Parker Gail Koziara Boudreaux President and CEO Chairman & CEO President and CEO The AES Corporation American Airlines Anthem, Inc.
Greg Case John A. Hayes Laurence D. Fink CEO Chairman, President Chairman and Chief Aon and CEO Executive Officer Ball Corporation BlackRock, Inc.
Tim Cook Brian Moynihan Todd Gibbons CEO Chairman and CEO Chief Executive Officer Apple Bank of America BNY Mellon
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Alan B. Colberg Philip Blake Rich Lesser President and CEO President Bayer USA CEO Assurant Bayer USA Boston Consulting Group
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Mark S. Sutton George R. Oliver Bill Thomas Chairman and CEO Chairman and CEO Global Chairman and CEO International Paper Co. Johnson Controls KPMG LLP
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Linda H. Apsey Beth E. Mooney William M. Brown President & CEO Chairman & CEO Chairman & Chief ITC Holdings Corp. KeyCorp Executive Officer L3Harris Technologies, Inc.
Beth E. Ford Jeff Gennette Roger W. Crandall President and CEO Chairman & Chief Chairman, President & Chief Land O'Lakes, Inc. Executive Officer Executive Officer Macy’s, Inc. MassMutual
Roger A. Krone Mark Trudeau Michael Miebach Chairman and Chief President and CEO Chief Executive Officer Executive Officer Mallinckrodt Pharmaceuticals Mastercard Leidos
Stuart Miller Lee M. Tillman Ajay Banga Executive Chairman Chairman, President and CEO President & CEO Lennar Corporation Marathon Oil Corporation Mastercard
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Bhavesh V. (Bob) Patel Arne M. Sorenson Lawrence E. Kurzius Chief Executive Officer President and Chief Chairman, President and CEO LyondellBasell Industries Executive Officer McCormick and Company, Inc. Marriott International, Inc.
Brian Tyler Sanjay Mehrotra Adena T. Friedman Chief Executive Officer President & CEO President and CEO McKesson Corporation Micron Technology Nasdaq
Bob Sternfels Satya Nadella Thomas C. Nelson Global Managing Partner Chief Executive Officer Chairman, President & CEO McKinsey & Company Microsoft Corporation National Gypsum Company
Kevin Sneader Ken Moelis Ted Mathas Global Managing Partner Chairman & CEO Chairman, President and CEO McKinsey & Company Moelis & Company New York Life Insurance Co.
Geoffery S. Martha Raymond McDaniel Jr. David L. Stover Chief Executive Officer President and Chief Chairman and CEO Medtronic, Inc. Executive Officer Noble Energy, Inc. Moody’s
Omar Ishrak James P. Gorman Kathy Warden Chairman & CEO Chairman & CEO Chairman, Chief Executive Medtronic plc Morgan Stanley Officer and President Northrop Grumman Corporation
Michel Khalaf Greg Brown Steve Fisher President & Chief Chairman & CEO President & CEO Executive Officer Motorola Solutions Novelis MetLife
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Safra Catz Marc B. Lautenbach Earl C. Austin, Jr. CEO President and Chief Executive President and Chief Oracle Officer Executive Officer Pitney Bowes Quanta Services
Brian Chambers Daniel J. Houston Thomas A. Kennedy President and Chief Executive Chairman, President Chairman & CEO Officer and CEO Raytheon Company Owens Corning Principal
Dan Schulman David S. Taylor President and Chief Executive Chairman of the Board, Gregory J. Hayes Officer President and Chief Executive Chief Executive Officer PayPal, Inc. Officer Raytheon Technologies The Procter & Gamble Corporation Company
Ramon Laguarta Tricia Griffith Blake D. Moret Chairman and CEO President & CEO Chairman and Chief PepsiCo The Progressive Corporation Executive Officer Rockwell Automation
Dr. Albert Bourla Bob Moritz Neil Hunn Chief Executive Officer Chairman President and Chief Pfizer Inc. PwC Executive Officer Roper Technologies, Inc.
Douglas L. Peterson Tamara L. Lundgren James M. Loree President and CEO President and Chief Executive President & Chief Executive S&P Global Officer Officer Schnitzer Steel Industries, Stanley Black & Decker Inc.
Jeffrey W. Martin Kevin Johnson Marc Benioff Chairman & CEO President and Chief Executive Chair & Chief Executive Officer Sempra Energy Officer Salesforce Starbucks Corporation
Keith Block Lisa Davis Ronald P. O’Hanley Co-CEO CEO Chairman and Chief Salesforce Siemens Corporation USA Executive Officer State Street Corporation
Christian Klein Egon Durban James P. Keane Chief Executive Officer Silver Lake President and CEO SAP Steelcase Inc.
Bill McDermott Stewart Butterfield Kevin Lobo Chief Executive Officer Co-Founder and Chief Chairman & CEO SAP Executive Officer Stryker Slack Technologies, Inc.
Jim Goodnight Thomas A. Fanning John F. Fish CEO Chairman, President Chairman & CEO SAS Institute and CEO Suffolk Southern Company
Margaret M. Keane Richard K. Templeton M. Troy Woods Chief Executive Officer and Chairman, President and Chairman, President & CEO Member of the Board of Chief Executive Officer TSYS Directors Texas Instruments Synchrony Incorporated
Kevin P. Hourican Marc N. Casper Peter J. Davoren President and Chief Executive Chairman, President and President & CEO Officers Chief Executive Officer Turner Construction Co. Sysco Corporation Thermo Fisher Scientific
Joanne Crevoiserat Rob Speyer Lance M. Fritz Chief Executive Officer President & CEO Chairman, President & CEO Tapestry, Inc. Tishman Speyer Union Pacific
Brian Cornell Hal Lawton Scott Kirby Chairman & CEO President and Chief Executive Chief Executive Officer Target Officer United Airlines Tractor Supply Company
Russell K. Girling Alan D. Schnitzer Oscar Munoz President and Chief Chairman and Chief Chief Executive Officer Executive Officer Executive Officer United Airlines TC Energy The Travelers Companies Inc.
LeRoy T. Carlson, Jr. Kelly S. King Gregory J. Hayes CEO Chairman and Chief Executive Chairman & CEO Telephone & Data Systems, Inc. Officer United Technologies Truist Financial Corporation Corporation
Carol Tomé Alfred F. Kelly, Jr. John J. Engel Chief Executive Officer Chairman and Chief Executive Chairman, President and UPS Officer CEO Visa Inc. WESCO International, Inc.
David Abney Robert F. Smith Hikmet Ersek Chairman and Chief Executive Founder, Chairman and CEO Chief Executive Officer Officer Vista Equity Partners Western Union UPS
Stuart Parker Curt Morgan John F. Barrett CEO President & CEO Chairman, President & CEO USAA Vistra Energy Western & Southern Financial Group
Wayne Peacock Stefano Pessina Marc Bitzer President and Chief Executive Executive Vice Chairman Chairman and Chief Officer and CEO Executive Officer USAA Walgreens Boots Alliance Whirlpool Corporation
Mortimer J. Buckley Doug McMillon Alan S. Armstrong Chairman & CEO President and CEO President and Chief Vanguard Walmart, Inc. Executive Officer The Williams Companies, Inc.
Scott G. Stephenson Charles W. Scharf Abidali Z. Neemuchwala Chairman, President and Chief Chief Executive Officer and CEO & Managing Director Executive Officer President Wipro Limited Verisk Analytics Wells Fargo
Aneel Bhusri Anders Gustafsson Co-Founder & CEO Chief Executive Officer Workday, Inc. Zebra Technologies Corporation
Michael J. Kasbar Kristin Peck Chairman, President and CEO Chief Executive Officer World Fuel Services Zoetis Inc. Corporation
Jim Kavanaugh Michael Roman CEO Chairman of the Board and World Wide Technology Chief Executive Officer 3M
John Visentin Vice Chairman and Chief
Executive Officer Xerox Corporation
Patrick Decker President and CEO Xylem Inc.
David Gibbs Chief Executive Officer Yum! Brands, Inc.