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.
A report from the New York Times on Monday provides greater detail of the lengths that Apple has gone to to kowtow to China, in order to extract its massive profits from the abusive Communist nation.
The newspaper said it reviewed internal documents, recent filings in a court case, interviewed 17 current and former Apple employees, and spoke to four security experts, all which revealed the extent CEO Tim Cook moved the company toward greater capitulation to Chinese government demands for access to its citizens’ private data. It found that not only is Apple giving access to encryption keys for customers’ data on the iCloud to government-owned firm; It is ceding control of the massive server farms that host its cloud computing for the Chinese firm to manage.
From the Times report:
Two decades ago, as Apple’s operations chief, Mr. Cook spearheaded the company’s entrance into
Black Lives Matter co-founder Patrisse Cullors was identified in a press release as co-chair of an art company that has profited from several activist groups that call Cullors a co-founder and leader, which charity experts say amounts to self-dealing and raises ethical and legal questions.
Black Lives Matter (BLM) Global Network Foundation, BLM PAC and Reform LA Jails — three activist groups Cullors claims to have co-founded and led — have provided business to the art company… Trap Heals was founded and run by Damon Turner, the father of Cullors’ only child, the DCNF found.
Also from the article:
Paul Kamenar, the counsel for the conservative watchdog group National Legal and Policy Center, said BLM Global Network’s dealings with Trap Heals raises questions given that the organization’s bylaws, which the group provided to the New Mexico office of … Read More ➡
Bing Ji was named general manager of BlackRock’s newly launched wealth management joint venture in Shanghai, BlackRock CCB Wealth Management, a spokeswoman confirmed Friday…
On Wednesday, BlackRock said that the joint venture it unveiled last August with a subsidiary of China Construction Bank and Singapore investment company Temasek had garnered regulatory approval to start operations…
BlackRock said it holds a majority 50.1% stake in BlackRock CCB Wealth Management. CCB Wealth Management Co., a wholly owned unit of China Construction Bank, has 40% and Temasek holds the remaining 9.9%.
Because it appears the iManufacturer wants its Sino-suppliers to continue the practice, if evidence unveiled by (paywall) investigative website The Information is to be believed.
Citing discoveries made by human rights groups via satellite images, videos, and public statements by Chinese officials, the report “found seven companies supplying device components, coatings and assembly services to Apple that are linked to alleged forced labor involving Uyghurs and other oppressed monitories in China. At least five of those companies received thousands of Uyghur and other minority workers at specific factory sites or subsidiaries that did work for Apple, the investigation found.”
For example, the report identified one computer parts supplier – Advanced-Connectek – that operated in an “industrial park” in the Xinjiang … Read More ➡
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 ➡