Latest News From The Free Enterprise Project

More Transparency for Investment in Communist China

More Transparency for Investment in Communist China /
A group of nearly 250 prominent conservatives, former government officials, former military officers and concerned citizens have signed a letter to Secretary of Labor Eugene ...
1619 Project Rebuked for Radical, Riot-Causing Inaccuracies

1619 Project Rebuked for Radical, Riot-Causing Inaccuracies /
Even though prominent historians have found serious discrepancies in the reporting and assertions of the New York Times’s 1619 Project, it still won staffer Nikole ...
Genuine Objectivity Could Save Some News Industry Players

Genuine Objectivity Could Save Some News Industry Players

Conditions in the news industry are grim. Even before the COVID crisis, the industry was in deep trouble. The pandemic and shutdown have made things ...
Media Malfeasance at the Mouse House?

Media Malfeasance at the Mouse House? /
Things have gotten so biased in the American media that Free Enterprise Project Deputy Director Scott Shepard wrote that people today need to look at ...

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, gun rights, 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

Genuine Objectivity Could Save Some News Industry Players

Genuine Objectivity Could Save Some News Industry Players

Conditions in the news industry are grim. Even before the COVID crisis, the industry was in deep trouble. The pandemic and shutdown have made things worse.  And now some outlets’ responses to the demands of the sometimes-so-intensely-peaceful-they-riot “protestors” promises to further hobble the industry. No outlets appear to be following ...
When Will ABC’s False Reporting Require Daddy Disney’s Discipline?

When Will ABC’s False Reporting Require Daddy Disney’s Discipline?

ABC, like the rest of the former news industry, has devolved from often left-slanted reporting to outright leftwing propaganda. So goes the modern American media. But at what point does this divergence between claimed truth and real fiction violate parent-company Disney’s obligation not to mislead the investing public about the ...
Some Questions For BOA’s Billion-Dollar Brian Moynihan

Some Questions For BOA’s Billion-Dollar Brian Moynihan

Brian Moynihan, the monumentally self-impressed CEO of Bank of America (BoA), announced last week that the bank would be “committing” $1 billion over the next four years to “assist people and communities of color” in view of “racial injustices.” At about the same time the Wall Street Journal reported that ...
Cancel Culture Comes for Your Retirement

Cancel Culture Comes for Your Retirement

The Labor Department just did something extraordinary. It spoke truth in a time of great untruth. When so many in politics, academia, the media and – increasingly – business are telling wild falsehoods, Labor Secretary Eugene Scalia emerged as one of the few remaining honest brokers in public life. Labor ...
CEOs Need To Focus On Rebuilding Shareholder Value, Not Rebranding The Redskins

CEOs Need To Focus On Rebuilding Shareholder Value, Not Rebranding The Redskins

The CEOs of some of the biggest American corporations, including PepsiCo, FedEx and Bank of America, spent the recent Independence Day weekend trying to cancel the names of the Washington Redskinsand Cleveland Indians. The qualifications of these CEOs to force other organizations to change the way they brand themselves are unclear, as ...

Published Commentaries by
Justin Danhof, Esq. & Scott Shepard

Justin Danhof

Justin Danhof, Esq.

Scott Shepard

Scott Shepard

Free Enterprise Project June Newsletter


We hope you will use this guide to take back your shareholder franchise and cast votes that reflect your values and your conscience. This guide exposes the most egregious far-left resolutions and highlights conservative-minded proposals meant to improve the increasingly imbalanced corporate environment. It’s time to take on the rigged proxy system.

Amazon claims that it will donate 0.5 percent of all eligible purchases made through AmazonSmile towards a charity of the customer’s choice.

That’s a lie. 

Because Amazon relies on the widely-discredited Southern Poverty Law Center (SPLC) as the gatekeeper for AmazonSmile recipients, and the SPLC weeds out any conservative groups it deems as “hate groups.”

Sign our petition to protest Amazon’s collusion with the SPLC.

In what is becoming a trend for tough questions posed by conservative shareholder activists during this largely virtual shareholder season, BlackRock passed on the question submitted by FEP. 
It was about the asset management firm’s preferential treatment of Chinese companies over American businesses, while catering to the demands of liberal social justice activists.  

Thankfully former White House Senior Advisor Steve Bannon didn’t ignore our concerns, and had FEP Director Justin Danhof on his “War Room: Pandemic” program to discuss BlackRock’s unfair and risky strategy. Watch their conversation here.


Hershey CEO Michele Buck aligned herself and the company strongly on the side of pro-LGBTQ activists in responding to an FEP question about the chocolate maker’s support of the Human Rights Campaign (HRC).


Twitter refused to adopt our proposal that would have added viewpoint protection to its employee non-discrimination policy.


After FEP Director Justin Danhof questioned Progressive’s CEO about the company’s cooperation with pro-abortion activists, he said her “abhorrent response may be the most tone-deaf statement I have ever received from a corporate executive.”


Justin Danhof joined The P.A.S. Report to discuss the convergence of big government and big business. In addition, Justin explained how people can combat liberal influence over corporate America, and prevent these corporations from becoming political and social activists. 

The Free Enterprise Project has participated in more than 20 shareholder meetings so far in 2020.  Other meetings that FEP attended in May include State StreetGoldman SachsCVSPepsi  and Eli Lilly.

Donate today to help us fight the Left’s hostile takeover of corporate boardrooms in America! 


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.