CORPORATE INTEGRITY PROJECT
NLPC promotes 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 the following:
- 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 corporate giving to groups hostile to a free economy.
#WeToldYouSo: Big Banks Fled Net Zero Alliance but Kept Its Broken Yardstick
Three years ago, NLPC told America's largest banks that their climate commitments rested on a fantasy. In 2023 exempt solicitations circulated to investors at Bank of America, Goldman Sachs, JPMorgan Chase, Citigroup, and Wells Fargo, NLPC warned that the banks'...
Trump Cracked Down on Illegal Immigrant Banking; His SEC Let Wells Fargo Off the Hook
Start with two dates. On February 20, 2025, the Sinaloa Cartel, the Gulf Cartel and six other criminal syndicates officially became terrorist organizations under United States law. Any American bank that touches their money now faces sanctions and the threat of...
Combined Chair-CEO Policies Keep Executives in Place Twice as Long
New board research undercuts a claim that America's largest companies repeat every proxy season — that handing one person both the chief executive title and the board chairmanship costs shareholders nothing. The Conference Board, working with ESGAUGE, KPMG, Russell...
PepsiCo’s Laguarta Blames Gas Prices; Coca-Cola Didn’t Get the Memo
Six months ago, the narrative around PepsiCo was that the hard medicine was working. Activist investor Elliott Management had forced a restructuring plan in December 2025, and by Q1 2026 there were early signs of life — organic revenue ticking up, North American snack...
Larry Ellison’s $45 Billion Hollywood Bet Puts Oracle Shareholders at Risk
Just before Christmas, Larry Ellison (pictured above) rescued his son. Warner Bros. Discovery's board had rejected David Ellison's Paramount Skydance in favor of a Netflix offer, branding Paramount's financing "illusory." The Oracle founder — then among the three...
Comcast’s $8.6 Billion Sky Writedown Foreshadows Brian Roberts’s Next Divestiture
In the third quarter of 2022, Comcast recorded an $8.6 billion noncash impairment charge against the goodwill and intangible assets of its Sky segment. That impairment — the largest single writedown in Comcast Corporation history — was attributed to "an increased...
Roberts Unwinds Roberts: Comcast Concedes, Governance Problem is Tripled
On Sunday, Comcast Corporation announced the breakup of the most ambitious media conglomerate of the past quarter-century — the very conglomerate Chairman and Co-Chief Executive Officer Brian Roberts spent fifteen years assembling. NBCUniversal and Sky will be spun...
Why NLPC Has a Corporate Integrity Project: It Takes an Organization
If the shareholder proposal is the one channel a small owner has left, why doesn't every frustrated investor use it? Because the channel is a gauntlet. Walk it once and the surprise is not that so few owners try — it is that anyone does. Start with the ticket of...
From Climate Alarmism to R.I.P. ‘Climate Stupidity:’ Judith Curry Moves On
From 2008 through 2010 I managed an independent project that brought attention to the environmental left's propaganda and activism in support of distorted climate change science and related policies. My focus was mainly at the state level, so the initiative took me to...
Why NLPC Has a Corporate Integrity Project: Who Votes Your Shares?
In 2021, the biggest names on Wall Street could not sign climate and diversity pledges fast enough. By early 2025, they were racing for the exits. What changed in those four years was not the wishes of the people whose money they manage. Those owners were never polled...
Why NLPC Has a Corporate Integrity Project: When Companies Shop in Washington
In the late 1980s, the banker Charles Keating had a problem. Federal regulators were circling his savings-and-loan, and they did not like what they found. His answer was not to clean up the business. It was to buy the referees. Keating had given five U.S. senators...
Why NLPC Has a Corporate Integrity Project: Whose Company Is It?
If you hold a 401(k), an IRA, or a pension, you are an owner of corporate America. Your savings sit inside hundreds of the largest companies in the country, and on paper those firms belong to you and to tens of millions of savers like you. You have almost no say in...
Oreo Cuts ‘Pride’ Page, Keeps PFLAG; Now CEO Chairs Bud Light’s Parent
It's June, but in the month hijacked by LGBTQ identity politics, "Pride" has vanished from Oreo's website. The brand's dedicated "oreo.com/pride" page, once a showcase for its partnership with activist group PFLAG, now redirects to a gentler page titled "Bringing...
Delta’s Governance Shortcomings Lead to Operational Stumbles; Reform is Needed
Today, National Legal and Policy Center presented an “Adopt Cumulative Voting" proposal at the annual meeting of Delta Air Lines, Inc. Board elections are usually conducted on a majority voting basis, and shareholders can only vote "yea" or "nay" for each member...
Netflix’s Susan Rice Threatened Corporate America; Adam Schiff Plans to Put Teeth to It
When Susan Rice appeared on Preet Bharara's podcast in February and warned corporations that they would be "caught with more than their pants down" if they accommodated President Trump, many wrote it off as the frustration of a former Obama official with no...
One in Three Wells Fargo Shareholders Backed NLPC; Numbers Show Why The Vote Was Justified
When National Legal and Policy Center presented its case for an independent Board Chair at Wells Fargo's April 28 annual meeting, management did not directly address the concerns raised. The quarterly results that have since arrived help explain why. NLPC's proposal —...
Mastercard’s Board Has China & Politicization Conflicts; More Accountability Needed
Today, National Legal and Policy Center presented an “Adopt Cumulative Voting" proposal at the annual meeting of Mastercard Incorporated. Board elections are usually conducted on a majority voting basis, and shareholders can only vote "yea" or "nay" for each member...
Comcast Class A Shareholders Reject $107M Co-CEO Pay as Stock Slid 20%
Comcast Corporation paid its Co-CEO team a combined $107 million for 2025 — $35.15 million to Chairman and Co-CEO Brian Roberts (up 4 percent from 2024) and $71.76 million to Co-CEO Michael J. Cavanagh (a 154 percent jump from his $28.26 million 2024 package) — in a...
Goldman Sachs Lawyer Who Was Close to Epstein Isn’t Leaving After All
Based on numerous media reports in February, NLPC --- a shareholder in Goldman Sachs --- highlighted how Kathy Ruemmler, who maintained a close relationship to the late sex offender Jeffrey Epstein, planned to finally leave the Wall Street bank after immense negative...
There Were 98 Independent Chair Proposals This Year; Only Exxon’s Darren Woods Whined About It
As NLPC reported following ExxonMobil's annual meeting on May 27, where we presented probably the most common governance proposal seen among major corporations at these shareholder affairs --- an independent chair proposal --- Chairman/CEO Darren Woods (pictured...
American Airlines’ Performance Has Been Woeful; Board Reform Badly Needed
Today, National Legal and Policy Center presented an “Adopt Cumulative Voting" proposal at the annual meeting of American Airlines Group, Inc. Board elections are usually conducted on a majority voting basis, and shareholders can only vote "yea" or "nay" for each...