NLPC seeks to promote integrity in corporate governance, including honesty and fair play in relationships with shareholders, employees, business partners and customers. In doing so, NLPC places special emphasis on:
* Asserting that the social responsibility of the corporation is to defend and advance the interests of the people who own the company, the shareholders. True responsibility is fidelity to one’s own mission, not someone else’s, or someone else’s political agenda.
* Exposing the seeking of influence on public officials by corporations, which is the inevitable result of high levels of government spending and intervention in the marketplace.
* Combating practices that undermine the free enterprise system, including philanthropic giving to groups hostile to a free economy.
You wouldn’t know it from the headlines but the Oversight Board found:
“It was not appropriate for Facebook to impose the indeterminate and standardless penalty of indefinite suspension.”
“Facebook did not follow a clear published procedure in this case.”
“It is not permissible for Facebook to keep a user off the platform for an undefined period, with no criteria for when or whether the account will be restored.”
“Facebook refused to answer several questions related to Trump’s news feed visibility.”
The Board rejected “Facebook’s request for it to endorse indefinite restrictions, imposed and lifted without clear criteria.”
It also found “Appropriate limits on discretionary powers are crucial to distinguish the legitimate use of discretion from possible scenarios around the world in which Facebook may unduly silence speech not linked to harm or delay action critical to protecting people.”
NLPC Chairman Peter Flaherty has an op-ed on Real Clear Markets critical of Nasdaq’s proposed “diversity” rule for boards of companies listed on the exchange. From the piece:
If there is merit in diversifying the composition of America’s corporate boards, it’s highly doubtful that Nasdaq’s imperious, paint-by-numbers approach is the best way to achieve it. That’s because, for all of their frantic virtue-signaling on the subject, when Nasdaq speaks of “diversity” what they obviously envision is a group of people with essentially cosmetic differences in race, gender and sexual orientation who will, nonetheless, all think and act in the same way.
Click here to read the entire piece on Real Clear Markets.
Earlier, NLPC Counsel Paul Kamenar argued in a public comment filed in January with the SEC that the diversity rule will impose arbitrary racial and gender quotas without showing a compelling governmental interest, and … Read More ➡
Philanthropists linked to Facebook, Twitter and Netflix have donated more than $7.5 million to a host of non-profits controlled by Khan-Cullors, who has helped them lobby for “net neutrality.”
From the article:
“Is Black Lives Matter for rent?” said Peter Flaherty, chairman of the National Legal and Policy Center. “Charities are not supposed to be vehicles for corporate lobbying, particularly on matters outside the charity’s mission.”
Click here to read the whole story in the New York Post.
A social justice nonprofit chaired by Black Lives Matter co-founder Patrisse Cullors is moving to operate in other states as it avoids filing required financial documents in California, filings show.
Cullors’ nonprofit, Dignity and Power Now, was warned by California’s attorney general’s office in March over its failure to file all the required financial documents for 2019. According to state records, Dignity and Power Now is currently delinquent in California, where it is incorporated.
From the same article:
“As a condition of their tax-exempt status, nonprofit groups are required by the IRS and state regulators to disclose significant information about their finances,” said Peter Flaherty, chairman of the National Legal and Policy Center. “It is important for groups soliciting donations to file accurately and on time.”
“When a nonprofit that engages in advocacy is supported by a small number of wealthy individuals … Read More ➡
This from Alana Goodman in the Washington Free Beacon today:
Facebook cofounder Dustin Moskovitz has poured over $5 million into a network of nonprofits run by Black Lives Matter leader Patrisse Cullors, according to financial disclosure records, raising questions about whether this relationship played a role in the company’s decision to censor unflattering news articles about the activist last week.
The social media giant blocked its users from posting links to a New York Post story that revealed Cullors, a self-described Marxist, spent $3.2 million on high-end real estate as her Black Lives Matter Global Network Foundation raked in millions in donations.
Also from the article:
The National Legal and Policy Center, a watchdog group that has been monitoring Facebook’s financial activities and Moskovitz’s charitable records, criticized the company’s decision to block reporting on Cullors.
“We think this, once again, proves freedom of speech is an option not a … Read More ➡
National Legal and Policy Center (NLPC) today released to the media information on significant real estate transactions involving Black Lives Matter Founder Patrisse Cullors.
These properties span the country, three being in California, and one in Conyers, Georgia. Cullers has also been looking at real estate in an exclusive enclave in the Bahamas.
The information was obtained using publicly accessible sources, such as Lexis/Nexis, property assessment databases in Los Angeles, property databases in the Bahamas, and property databases in Gwinnett County, Georgia. We also requested all filings with permitting authorities in the locations as well as the Federal Aviation Administration.
NLPC Chairman Peter Flaherty stated, “This voice of the underprivileged seems to be doing pretty well.”
“Whenever a figure in the nonprofit sector acquires significant assets in a short period of time, scrutiny is inevitable.”
“Black Lives Matter has raised tens of millions from individual citizens and corporate America. … Read More ➡
Amazon is affordable, comprehensive, convenient, dependable, and even enjoyable – and extremely dangerous to free speech and the democratic process.
The efficiency that makes the online retailer such a compelling outlet to return to time and time again – for daily household needs, for impulse purchases, for big deals, for hosting your blog, and for watching favorite shows and movies – is now being turned against anything left-wing activists target.
Some are sufficiently alarmed at the Amazon threat that they are willing to leave their houses, find alternatives, spend more, alter lifestyles, and modify political principles and alliances to break the Amazon habit.
First, a few examples of Amazon censorship. The most recent is the refusal to any longer sell a book by conservative scholar Ryan Anderson titled When Harry Became Sally: Responding to the Transgender Moment, which argues that individuals who desire … Read More ➡
Today, the Securities and Exchange Commission (SEC) announced that it was postponing final approval of Nasdaq’s controversial Board “Diversity” rule for at least three more weeks, which coincides with the Senate Banking Committee’s approval yesterday of Biden’s SEC Chairman pick, Gary Gensler, who was described by the Washington Post as a “progressive darling.”
Senator Patrick Toomey questioned whether Gensler “will also push the legal bounds of the SEC’s authority, in particular in an attempt to advance a liberal social agenda.” His nomination will go to the full Senate soon for final approval.
The National Legal and Policy Center (NLPC) condemned the SEC and Nasdaq for proposing the rule last December that would require all Nasdaq listed companies to have at least two self-identified “Diverse” persons, including self-identified women, Black, Latinix (a woke term for “Latino” that most Latinos don’t use), … Read More ➡
There was one unfinished piece of business after Fiat Chrysler and French auto giant PSA had merged. And it was an expensive piece at that. On January 27, the Auburn Hills, Mich.-based automaker announced that it would plead guilty in Detroit federal court to conspiring to bribe officials of the United Auto Workers with millions of dollars in cash and gifts via its worker training center to discourage the union from raising certain demands during collective bargaining. The company also agreed to pay a $30 million fine and undergo three years of probation. At least eight persons were convicted in this scandal since the initial indictments of July 2017. Prosecutors had charged Fiat Chrysler earlier that day. The actions follow a joint probe by the FBI, the IRS and the U.S. Labor Department’s Office of Labor-Management Standards and Office of Inspector General.
As the president and his allies in the newly Democrat-controlled Congress eagerly start to impose their new power on the corporate world – the stoppage of the Keystone XL pipeline construction is just the first job-killing step – they will need allies to coerce compliance under threat of economic pain.