Latest News From The Free Enterprise Project

Delta Loves to Virtue Signal, and It Shows

Delta Loves to Virtue Signal, and It Shows

Press Release /
CEO Retreats From Objections to Georgia’s Election Integrity Law, Yet Fails to Explain or Apologize Washington, D.C. – Delta Air Lines CEO Ed Bastian today ...
Nasdaq Trades in Deception By Mishandling Question Critical of its Board Diversity Scheme

Nasdaq Trades in Deception By Mishandling Question Critical of its Board Diversity Scheme

Press Release /
Washington, D.C. – At the Nasdaq, Inc. annual shareholder meeting today, CEO Adena Friedman dodged a question from the Free Enterprise Project (FEP) about the ...
Corporations' Unequal Support for the Equality Act Revealed

Corporations’ Unequal Support for the Equality Act Revealed /
Using her Twitter account, Representative Pramila Jayapal has called out companies that put pro-LGBT “pride” rainbows and similar messaging on their social media but do ...
Meet Facebook's Top Censor

Meet Facebook’s Top Censor /
Nick Clegg – once an up-and-coming British politician – is now the vice president for global affairs at Facebook. After having “met” him at Facebook’s ...

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 a fellow at the National Center as well as the deputy director of the National Center’s Free Enterprise Project, the conservative movement’s only full-service shareholder activism and education program.

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

Facebook Appoints Failed Lefty British Pol As Censor-In-Chief

Facebook Appoints Failed Lefty British Pol As Censor-In-Chief

My fellow Americans, I give you Nick Clegg. Pull up a chair. This is a good one. Clegg, a Briton, has become relevant on this side of the Atlantic because Facebook has made him its Vice President of Global Affairs. That relatively innocuous title plasters serenely over the fact, which ...
Despite HRC Claims, Corporations Don’t Support The Unequal Parts Of The Equality Act

Despite HRC Claims, Corporations Don’t Support The Unequal Parts Of The Equality Act

The professional left is lying about support for the Equality Act. I know. I’ll give you a few minutes to fan yourself until the spell passes. It’s not news that the professional left (by which I mean all the people who get paid to shackle the American people in the ...
State Street CEO Puts Personal Politics Ahead Of Investors And Clients

State Street CEO Puts Personal Politics Ahead Of Investors And Clients

Set a new place at the table, Larry Fink, Brian Moynihan & Co. Ronald O’Hanley has earned his spurs, and is ready to join you at the Roundtable of Woke Corporate Prevaricators, the Order of the Forked Tongue. O’Hanley qualifies because of his indefensible assertion that ESG investing (ostensibly for ...
Welcome Back, Carter: Biden Is A Bad '70s Rerun

Welcome Back, Carter: Biden Is A Bad ’70s Rerun

You have got to hand it to the nascent Biden Administration. (I won’t, for obvious reasons, ascribe any of this to him personally.) In a little over one hundred days it has managed what it took the bumblers of the 1970s a full decade to achieve: galloping inflation; rising unemployment ...
Big Business Learns Lesson From Georgia, No Mass Boycott Of Texas

Big Business Learns Lesson From Georgia, No Mass Boycott Of Texas

The word woke once evoked the image of a brilliant sun over a fresh new morning. But “woke” raises dimmer connotations. Our latest, woefully redundant evidence of the hopeless flaw in the foundational metaphor of this destructive movement: As the election-integrity fight moves to Texas, some companies are still standing ...

Published Commentaries by
Justin Danhof, Esq. & Scott Shepard

Justin Danhof

Justin Danhof, Esq.

Scott Shepard

Scott Shepard

Free Enterprise Project May 2021 Newsletter

The 2021 Investor Value Voter Guide (IVVG) was released by the National Center for Public Policy Research’s Free Enterprise Project (FEP), which urges conservative and religious investors not to throw away their ability to influence corporate America through proxy votes.  2021 INVESTOR VALUE VOTER GUIDE
In response to FEP questions at their annual shareholder meetings, the CEOs of PfizerBank of America and Coca-Cola all walked back their previously-announced opposition to election integrity reforms in Georgia and across the U.S.  READ MORE

After Levi Strauss CEO Chip Bergh claimed that election integrity bills are ‘racist and undemocratic’, FEP’s Scott Shepard responded that he should ‘go back to making blue jeans’.  READ MORE


FEP’s Justin Danhof delivered a shareholder proposal to Cigna investors, pointing to Cigna’s support of the Equality Act and critical race theory as examples of why its board needs viewpoint diversity.  READ MORE
At AT&T’s annual shareholder meeting, FEP confronted CEO John Stankey about the lack of journalistic integrity at AT&T-owned CNN. This Project Veritas video demonstrates why Stankey’s response should make all AT&T shareholders question their investment.  READ MORE
Stop Corporate Tyranny is a one-stop shop for educational resources exposing the Left’s nearly completed takeover of corporate America. It provides resources and tools for everyday Americans to fight back against the Left’s woke and censoring mob in corporate America.
What we have is the equivalent of a red state election or a purple state election that goes blue every single year because the left coalesces organizations and their money together to vote.

We on the right “ignore this vote at our peril… Let’s vote the bums out.

– Free Enterprise Project Director Justin Danhof on “The Next Revolution with Steve Hilton,” on a panel that also included former Trump Press Secretary Kayleigh McEnany and radio host Tammy Bruce.  WATCH NOW

You can’t just pick up the phone and take on one of the most powerful CEOs in the world. Or can you?
National Center Vice President David Almasi did and challenged Disney CEO Bob Chapek concerning Disney’s blacklisting of conservatives, including Gina Carano.  READ MORE
The Business Roundtable CEOs’ quasi-embrace of stakeholder capitalism leaves them vulnerable to lawsuits from pretty much everyone, since pretty much everyone is a stakeholder.  READ MORE
The All-Star Game relocating from Atlanta to Denver is not because of a tremendous amount of virtue among the executives who run Major League Baseball. It’s because the left – wanting to push a radical agenda to stop implementing commonsense voter integrity safeguards – pressured them to do it.

And conservatives need to realize that their inactivity has as much to do with that decision as left-wing activism does.  READ MORE

Here are some common misconceptions – or just blatant lies – about the Georgia voter law that have been amplified by the mainstream media.  READ MORE
The CEO of JPMorgan Chase & Co. promised FEP in 2019 that it was not debanking conservatives.
Tell that to Dinesh D’Souza, whose company credit card was just canceled by Chase Bank for no apparent reason.  READ MORE


I don’t tend to vote because [shareholder proposals are] usually talking about things that are beyond me. And if someone had explained all that you just explained, I certainly would have voted.
– Westwood One radio host Jim Bohannon to Free Enterprise Project Director Justin Danhof  READ MORE
Justin Danhof and Ambassador Nikki Haley
recently spoke at a gathering of influential conservative leaders on issues such as woke capitalism and the future of the conservative movement. At the meeting, both of them also appeared as guests on the highly popular
The Daily Signal. The event was hosted by
The Heritage Foundation.

Balancing the Boardroom

Balancing the Boardroom
Welcome to Balancing the Boardroom, our inaugural voter guide dedicated to trying to root out some of America’s worst corporate board members. As cancel culture marches seemingly unabated and tries ...

Investor Value Voter Guide 2021

Investor Value Voter Guide 2021
Welcome to the Second Annual Investor Value Voter Guide. Tens of millions of Americans feel justifiably disillusioned in the wake of 2020. From the pandemic to the Black Lives Matter/Antifa ...

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.