Latest News From The Free Enterprise Project

Banks’ Credibility Overdrawn as Political Scandals Rage

Banks’ Credibility Overdrawn as Political Scandals Rage /
After the National Center’s Free Enterprise Project (FEP) helped spread the word about and mounted a petition campaign against a critical race theory (CRT) training ...
Workforce Called Racist While CEOs Get Richer

Workforce Called Racist While CEOs Get Richer /
Corporations that are using critical race theory (CRT) training programs put themselves at legal and reputational risk. That’s because, as National Center Free Enterprise Project ...
Thought Leader’s Deep Dive on Jargon Employed by Market-Leading Ecosystems

Thought Leader’s Deep Dive on Jargon Employed by Market-Leading Ecosystems /
In the tradition of White House Press Secretary Jen Psaki always wanting to “circle back” on the tough questions, CEOs are increasingly using jargon to ...
Woke White CEOs Gain From the “New Racism”

Woke White CEOs Gain From the “New Racism” /
Equity is going to lead to a lot of inequality.  But that’s not news to the white billionaire CEOs who are practicing the “New Racism.” ...

About The Free Enterprise Project

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

Scott Shepard

Scott Shepard

Scott Shepard

Scott Shepard is a fellow at the National Center as well as the 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.


Justin Danhof, Esq.

Justin Danhof

Justin Danhof

From 2012-2021, National Center Executive Vice President Justin Danhof, Esq,. served as the Director of the Free Enterprise Project. During that time, he filed dozens of shareholder resolutions and attended over 100 shareholder meetings carrying a sharp spear for liberty. As Wall Street Journal columnist Kimberley Strassel noted 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.

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

The New Racism Rampaging Through Top Corporations

The New Racism Rampaging Through Top Corporations

A rash of reports this week has revealed that some of the country’s biggest oligopolist companies have plunged headlong into critical race theory (“CRT”)-based employee training programs. In the name of “racial justice,” the programs facially discriminate against white employees, but also demean and infantilize the black and other “people ...
Even The Taliban Thinks Your Collusive Censorship Of Americans Is Pure Repression

Even The Taliban Thinks Your Collusive Censorship Of Americans Is Pure Repression

I gotta ask, Jack Dorsey, Mark Zuckerberg, Nick Clegg. What’s it like, that feeling when even the Taliban recognizes that your censorship of American citizens’ speech about topics of public concern – in collusion with the current administration – is Taliban-level repressive, such that it will brook no objections from the ...
Helping Business Leaders Speak Like Genuine People

Helping Business Leaders Speak Like Genuine People

I’m hardly the first person to have noticed that corporate types are very bad at speaking. That’s a weird lacuna in the talents of successful businesspeople. But it gets weirder. The things that these leaders say in public are seldom off the top of their heads, or written by them ...
Recent Woke-Corporation Disgrace Roundup

Recent Woke-Corporation Disgrace Roundup

It’s August. It’s hot and lazy and a good time to be away from the computer. This hasn’t stopped the endless stream of woke corporate evildoing, but it has made it harder to keep up. So as a public service, here’s a summary of some of the worst recent misdeeds ...
Wealthy White Billionaires To The Working Classes: You Have To Give Up Your Wealth

Wealthy White Billionaires To The Working Classes: You Have To Give Up Your Wealth

If the white billionaire CEOs who have signed on to the woke agenda have their ways while keeping their positions and their fortunes, they will of logical necessity consign millions of poor whites to punishing poverty and an abjectly powerless future. They are either fully aware of this, or too ...

Published Commentaries by
Justin Danhof, Esq. & Scott Shepard

Justin Danhof

Justin Danhof, Esq.

Scott Shepard

Scott Shepard

Free Enterprise Project September 2021 Newsletter



Human Rights Campaign (HRC) activists and supporters are pressuring corporations to blindly endorse the unfair Equality Act. They are attacking the rights of women and religious freedoms.

SIGN THE PETITION TODAY to put a stop to the UNFAIR Equality Act. READ MORE


Bank of America is launching a new Critical Race Theory initiative.
Sign this petition to tell BoA CEO Brian Moynihan that you oppose this divisive and racist CRT agenda. READ MORE


The president of the Human Rights Campaign (HRC) tried to discredit Cuomo’s sexual assault accusers. HRC is also lobbying for the Equality Act, which would diminish religious liberties and destroy women’s sports.
So why are Apple, Coca-Cola, American Airlines, Pfizer and Target continuing to spend your shareholder money to serve as HRC Platinum Partners? The Free Enterprise Project is calling on these corporations to renounce their support of this vile organization. READ MORE


“Critical race theory trainings, such as the ones American Express subjected its employees to, are blatantly racist. Full stop,” Justin Danhof, Esq., told the Fox Business Network. READ MORE


National Center President David Ridenour says the antisemitic activism of Ben & Jerry’s could be devastating for its parent company, Unilever.
“Thirty-five states have laws on the books requiring divestment from businesses that support boycotts against Israel. This could lead to a Unilever sell-off.” READ MORE


Twitter has banned Donald Trump, but continues to allow the Taliban to use its social media platform to communicate with the world.

“The mind reels,” responds FEP Director Scott Shepard. READ MORE


Patagonia “put its employees’ livelihoods at risk not only by refusing to work with partners and customers who don’t share their extreme politics, but by demanding that retailers discriminate in the same ways they do,” FEP Director Scott Shepard told the Fox Business Network. READ MORE


“Environment, Social and Governance” is a confusing mouthful of terms, but it’s the driving force behind making American businesses compliant to the left-wing agenda.
As Justin Danhof recently noted, it’s a “wildly important topic that’s not talked about enough.” READ MORE

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.