Latest News From The Free Enterprise Project

Honest Climate Policy is Hard

Honest Climate Policy is Hard

National Policy Analysis #683 /
Recognizing Unacknowledged Risks, Possibilities & Value Judgments Part II: The Fatal Flaws in AYS Coalition Climate-Related Policy Claims The second in a series analyzing claims ...
In Bradley Series, Danhof Urges Conservative Engagement with Corporate America

In Bradley Series, Danhof Urges Conservative Engagement with Corporate America /
Conservatives and people of faith need to “engage with companies” to prevent them from being wholly taken over by a left-wing political agenda. “If we ...
Science Is Real – But They’re Doing It Wrong

Science Is Real – But They’re Doing It Wrong

Have you, too, been irritated by those signs on the lawns of your most unjustifiably smug neighbors – the ones composed of a list of cliches ...
Labor Plays Hardball With Microsoft

Labor Plays Hardball With Microsoft /
How brazen is woke culture? So brazen that companies now openly tout their discriminatory behavior to oblige the left’s social justice goals. But, for now, ...

About The Free Enterprise Project

FEP Director Justin Danhof speaks to a national gathering of conservative and religious leaders in August 2017

Launched in 2007, the National Center for Public Policy Research’s Free Enterprise Project focuses on shareholder activism and the confluence of big government and big business. The Free Enterprise Project (FEP) is the conservative movement’s only full-service shareholder activism and education program: It files shareholder resolutions, engages corporate CEOs and board members at shareholder meetings, petitions the Securities and Exchange Commission (SEC) for interpretative guidance, and sponsors effective media campaigns to create the incentives for corporations to stay focused on their missions.

As the leading voice for conservative-minded investors, FEP annually files more than 90 percent of all right-of-center shareholder resolutions. Dozens of liberal organizations, however, annually file more than 95 percent of all policy-oriented shareholder resolutions and continue to exert undue influence over corporate America.

Topics Covered

Through the years, FEP has been a leading voice for the conservative investor on a divergent range of topics including: health care, immigration, gun rights, energy, taxes, subsidies, regulations, religious freedom, food policies, media bias, federalism, corporate free speech, ideological diversity, voter integrity, freedom of conscience, property rights, workers’ rights and other important public policy issues.

The Free Enterprise Project is also the nation’s leading program for confronting liberal shareholder activism.

Free Enterprise Project Leadership

Justin Danhof, Esq

Justin Danhof

Justin Danhof

In 2012, Justin Danhof, Esq,. was appointed as the Director of the Free Enterprise Project. Since that time, he has filed dozens of shareholder resolutions and attended over 100 shareholder meetings carrying a sharp spear for liberty. As Wall Street Journal columnist Kimberley Strassel notes in her 2016 political bestseller, The Intimidation Game: How the Left is Silencing Free Speech, “If you’ve never been to a corporate shareholder meeting, you’ve likely never heard of Justin Danhof. If you ever have been to one, you’ll likely never forget him.” Strassel spent a full chapter in her book detailing Danhof’s shareholder activism and fight for liberty.

Mr. Danhof’s legal expertise has come in handy during the filing of shareholder resolutions.  Corporations often hire outside attorneys from the nation’s leading law firms and petition the U.S. Securities and Exchange Commission seeking to vacate our proposals. Companies often accrue six-figure legal bills fighting FEP proposals. Danhof single-handedly takes on these white-shoe law firms and regularly defeats lawyers that singly-handedly earn 30-times more per year than FEP’s entire annual budget.

In some years, Danhof has had a 66 percent success rate – a ratio that is relatively unheard of in front of the corporate-friendly judges at the SEC.

Since 2012, Danhof has participated in over 100 shareholder meetings to advance free-market ideals in health care, energy, taxes, subsidies, regulations, religious freedom, food policies, media bias, gun rights, workers’ rights and other important public policy issues.

Danhof’s work has generated a tremendous amount of media coverage.

Scott Shepard

Scott Shepard

Scott Shepard

Scott Shepard is the program coordinator for the Free Enterprise Project.

Scott has taught at law schools including the Wake Forest School of Law in North Carolina and the Willamette University College of Law in Oregon. He is the author of the legal textbook Wills, Trusts and Estates in Context.

He previously served as a policy director with the Yankee Institute in Connecticut and the manager of the Water Law Project at the Pacific Legal Institute. He also has experience in government and private practice.

Scott earned his Juris Doctorate from the University of Virginia, a master’s degree from Vanderbilt University and a Bachelor of Arts degree from the University of Richmond.

FEP’s Top 10 Victories of 2019

FEP 2019 Impact Report

FEP's questioning of Boeing's and General Electric's support for the Clinton Foundation helped trigger an FBI investigation into the Foundation's activities.

FEP's Employee Conscience Protection Project strengthened protections for the political beliefs and activities of over five million workers at 13 major U.S. corporations.

Just days after FEP's questioning of Disney CEO Bob Iger over biased commentary at Disney-owned ESPN generated significant media, including coverage by The Washington Post, the Los Angeles Times, Reuters, USA Today, and Fox Business, ESPN issued new guidelines for political commentary by its on-air talent.

After Danhof questioned Facebook CEO Mark Zuckerberg about the company's anti-conservative bias in its news feeds, the company changed its policy by removing humans in place of a more neutral algorithm.

Time Warner CEO Jeff Bewkes vowed to earn our trust after being chastised by FEP over CNN's proclivity for media bias and fake news. He promised to recommit to independence. Two weeks later, CNN fired three reporters involved in a false report about Anthony Scaramucci.


CNBC's Jim Cramer, Investor's Business Daily, and Motley Fool all questioned the wisdom of continued investment in Apple after CEO Tim Cook announced at an annual meeting that he didn't care about ``bloody ROI (return on investment).`` His statement came in response to questioning by our FEP over the company's support for regulation.

FEP personnel have been repeatedly ushered into private meetings with CEOs of some of the largest corporations in the world, such as PepsiCo.

After FEP appealed directly to then-CEO Alan Mulally to withdraw Ford from the U.S. Climate Action Partnership, a group that lobbies for stringent greenhouse gas regulations, Ford dropped its membership.


After FEP filed a shareholder proposal with General Electric over the company's foray into alternative energy programs, the company agreed to amend its corporate policies to only engage in green energy initiatives if the executives could identify a legitimate business purpose.

Under pressure from FEP, Google dropped its ``Renewable Energy Cheaper than Coal`` campaign and also eliminated its ``green czar`` position.

Broad Media Appeal

Since 2012, the Free Enterprise Project has generated more than 10,000 media citations.  FEP work has been cited or published by outlets such as the Wall Street Journal, the New York Times, Washington Post, the Boston Globe, the Los Angeles Times, the San Francisco, Chronicle, Dallas Morning News, USA Today, Variety, the Associated Press, Bloomberg, Drudge Report, Business Insider, Investor’s Business Daily, Time, Fortune, the Rush Limbaugh Show, National Public Radio, SiriusXM, CBS News, the Fox News Channel, the Fox Business Channel, NewsMaxTV, One America News Network and hundreds more.


Media Quotes

Investor’s Business Daily (April 2017)

“The National Center for Public Policy Research’s Justin Danhof once noted: ‘Corporations that cave to the left only place a bigger target on their backs.’ … Danhof has it right.”

-John Merline of Investor’s Business Daily detailing FEP’s work

Los Angeles Times (2013)

“Robert Iger faced tough questioning about alleged liberal bias at Disney-owned ABC News and ESPN… Iger conceded… “making mistakes.”

– Daniel Miller on Justin Danhof’s questioning of Disney CEO Robert Iger

Motley Fool (2013)

“I… suggest that investors refrain from buying shares of Walgreens until… [he] can provide a solid answer.

– Motley Fool’s Gene Kropowski pressing Walgreens’ CEO Greg Wasson to answer Free Enterprise Project Director Justin Danhof’s question on whether low prices or sustain- ability are the higher priority

San Francisco Chronicle (2016)

“[UC Davis professor Leticia] Saucedo thinks the Free Enterprise Project’s campaign is a good idea…”

-A labor law professor endorses our “Freedom of Conscience” shareholder proposal

[The Free Enterprise Project] is turning the shareholder resolution process into a tool for shaming companies for taking on climate change. It’s a turnabout of the tactic long used by environmental activists…think of it as Greenpeace standing on its head.”

Washington Times

“Led by the National Center for Public Policy Research, [conservatives] are starting to imitate the liberals’ tactics by sponsoring initiatives at corporate board meetings… to act as a counterweight… [and] push conservative causes such as lower taxes and smaller government.”

Published Commentaries

Science Is Real – But They’re Doing It Wrong

Science Is Real – But They’re Doing It Wrong

Have you, too, been irritated by those signs on the lawns of your most unjustifiably smug neighbors – the ones composed of a list of cliches that, depending on how they’re interpreted, are either innocuous bromides, dog whistles to the virtue sniffers, or horrifying declarations of economic, civic or moral obtuseness? ...
Labor Department Demands Microsoft Explain Its Racist Hiring Practices

Labor Department Demands Microsoft Explain Its Racist Hiring Practices

After Microsoft’s recent announcement that it will “double the number of Black and African American people” within its leadership ranks, the Department of Labor has notified the company that its pledge smacks of good old-fashioned racism. As a federal contractor, Microsoft cannot engage in racism of any kind. The Labor ...
Native American Activist: Renaming Teams “Like Another Indian Removal Act"

Native American Activist: Renaming Teams “Like Another Indian Removal Act”

Despite what you may have heard from the once-mainstream news media, huge swathes of Native Americans eagerly seek to retain Native representation throughout American culture – including the Washington Redskins, Cleveland Indians, Florida State Seminoles, and other representation – national and local – nationwide. They have collected social-science evidence that ...
Sheldon Whitehouse's Obsession With the 'Dark' Federalist Society Is Out of Place

Sheldon Whitehouse’s Obsession With the ‘Dark’ Federalist Society Is Out of Place

The Left’s claws and teeth have been bared and bloodied this seminal, shattering year of 2020, tearing into everyone who dares contradict its slavering radicalism as toxic, hateful, racist, and any other canard that might aid it in its cancellation fever. But few of these efforts have been as transparently ...
Abandoning Broken Locales Has Become A Fiduciary Obligation For Firms

Abandoning Broken Locales Has Become A Fiduciary Obligation For Firms

Only an Icarian mixture of high-test naiveté and hubris would lead anyone to dare fate to create more headaches in 2020. One conundrum that has reached, or soon will reach, migraine status for businesses (and families) is whether to move out of increasingly dangerous, expensive, and generally unfriendly locales to ...

Published Commentaries by
Justin Danhof, Esq. & Scott Shepard

Justin Danhof

Justin Danhof, Esq.

Scott Shepard

Scott Shepard

Free Enterprise Project October Newsletter

Welcome to the FEP October Newsletter 
FEP has been a leading voice for the conservative investor on a divergent range of topics including health care, immigration, gun rights, energy, taxes, subsidies, regulations, religious freedom, food policies, media bias, gun rights, federalism, corporate free speech, ideological diversity, voter integrity, freedom of conscience, property rights, workers’ rights, and other important public policy issues.


Free Enterprise Project Urges FedEx To Focus On Business, Get Out Of Picking Names For Professional Sports Teams

Despite evidence that Native Americans approve of the Washington Redskins moniker, FedEx defended its role in pushing the National Football League team to change its name. Scott Shepard, Deputy Director of the National Center for Public Policy Research’s FEP, presented the evidence to FedEx CEO Frederick Smith and Executive Vice President Brie Carere, who dismissively rebuffed Shepard’s request that FedEx walk away from social justice activism.

We announce the first of what will be a series of policy papers in which we will analyze and critique, in significant detail, the proposals made by the As You Sow coalition to American corporations, the positions the coalition wishes those companies to adopt, the policies underlying those proposals and positions, and the sources offered and arguments made by the coalition in support of them.
We at the Free Enterprise Project of the National Center for Public Policy Research are, and have long been, the primary organization working against the As You Sow organization and its sprawling coalition to keep America’s publicly traded companies focused on their strengths and their legal obligations: to maximize their value for shareholders, to the overwhelming benefit of their customers, their employees and the communities in which they operate.
Tell Pepsi to STOP Funding Black Lives Matter
Black Lives Matter (BLM) activists and supporters are rioting in our streets. They are attacking law enforcement officers, desecrating houses of worship, and destroying historic landmarks. And as they loot and burn businesses in your town, they do so while enjoying the support of one of America’s largest corporations – PepsiCo.
The major food and beverage company, through its brand Gatorade, which many of you probably drink, has pledged financial support to the Marxist BLM organization.
We are reaching out to Pepsi to express our outrage. We demand that Pepsi cease all funding to Black Lives Matter. And we need you to lend your voice. Pepsi needs to know that a majority of Americans – including millions of its customers – oppose the Marxist campaign being waged against America by BLM activists.
How Woke CEOs Traded Our Future For BLM Approval

At the heart of this summer’s BLM-inspired moral panic is a claim that whites, men, and those who have achieved success must apologize for their “privilege” and sacrifice themselves, their futures, and their posterity for “underprivileged” groups.  A shameful number of CEOs have signed on to this racist and sexist nonsense.  But when they do it, they’re sacrificing free and open American society, not themselves.  If they, the most “privileged” people of all, were serious, they’d be giving away their mansions and their millions and consigning their descendants to menial labor.  Since they aren’t, we must call them out for sacrificing us to mobs to win a little PR boost from crazy people.

Read the full Townhall Finance column by FEP’s Scott Shepard. 

FAAMG (+T): Modern Day Monopolists Needing Broken?

The tech giants are ramping up their discrimination against and censorship of conservatives as the election nears.  In his weekly Townhall Finance column, Scott Shepard argues that this behavior in itself strengthens the legal case for antitrust enforcement against these firms and also ensures that that enforcement will come.


One of our greatest failings, we on the conservative and libertarian right, has been to allow hard-core leftists to take over the Republic’s colleges and universities.  Once Marxist, anti-Western, anti-American, radical troublemakers were indulged at our schools.  Now they run them, and they are driving out any thought that disagrees with them while alternatively indoctrinating and terrifying the young minds they have been charged to foster, poisoning American civil society.  A direct line runs from university lecture halls to the fiery, glass- and blood-strewn streets of Portland, Kenosha, Chicago, and all the other battered and bedeviled cities of our great but threatened country.

We have written about the threat posed by the leftwing takeover of higher education and proposed necessary and achievable reforms.  Now a band of brave professors has come together to write and sign the perfectly named Philadelphia Statement, a petition for the return of respect for diversity of opinion for faculty and students alike at campuses nationwide.


Investor Value Voter Guide

Open Letter To Blackrock CEO Larry Fink

FEP in the Media

FEP at Shareholder Meetings

The National Center for Public Policy Research is a communications and research foundation supportive of a strong national defense and dedicated to providing free market solutions to today’s public policy problems. We believe that the principles of a free market, individual liberty and personal responsibility provide the greatest hope for meeting the challenges facing America in the 21st century.