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Doug Napier on Getting Corporate America Back to Business

Christian Business Leaders Podcast with Darren Shearer

1792 Exchange Executive Chairman and CEO Douglas Napier joined Darren Shearer on the Christian Business Leaders Podcast to discuss the growing corporate accountability movement, the legal and reputational risks of DEI programs, Benevity’s use of the SPLC’s discredited hate list, and what it truly means to get Corporate America back to business.


DEI Is Discrimination — and Companies Are at Legal Risk

Most corporate DEI policies carry real legal exposure. Doug explains why the Supreme Court’s affirmative action ruling is closer to the boardroom than most companies realize — and how 1792 Exchange helps companies chart a roadmap out.

Companies Are Tired of Activist Pressure

After years of activist organizations demanding more, companies are saying enough is enough. Doug breaks down 1792 Exchange’s Back to Business tracker and what 250+ corporate engagements last year revealed about where corporate America is heading.

The SPLC’s Hate List Embedded in Corporate Charitable Giving.

Benevity built the SPLC’s hate list directly into its platform — as the default filter — for 200+ Fortune 1000 companies, many of which had no idea it was there.

Shareholders vs. Stakeholders: How the Purpose of a Corporation Changed

Five years ago, the Business Roundtable redefined corporate purpose — moving from shareholders to stakeholders. Doug traces that shift and what it means for fiduciary duty.

Walmart’s Example: Protecting Children in the Health Plan

When a third-party administrator told Walmart it had to cover sex-denying procedures for minor dependents, Walmart said no — and created carveout language it made available to other companies. Doug explains why no company has an excuse anymore.

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Insights

Schwab and Walmart get it right on not covering “gender transitions” for minors

Op-Ed July 28, 2026

Consider the millions of working parents who show up every day at their jobs, work hard to support their families and pay into their company’s healthcare plans. They trust that their premiums will fund genuine medical care, not repeat one of medicine’s darkest mistakes. In our not-so-distant past, frontal lobotomies were performed to “treat” psychiatric conditions — despite limited evidence of effectiveness. The operations had devastating long-term effects and no proven medical benefit. It was not long before the world realized what a serious mistake was being committed and put a stop to this abusive “treatment.” Today’s unproven “gender-affirming” interventions on minors use surgery, hormones and puberty blockers to address a mental health condition with similarly irreversible consequences: permanent sterilization, the removal of healthy organs and lifelong physical and emotional damage. No responsible modern healthcare plan would cover frontal lobotomies, yet many quietly fund these experimental sex-denying procedures on children. Let us not repeat that shameful history on our gender-dysphoric youths. This is not healthcare. These are not medically necessary procedures. These are not minor adjustments or reversible treatments. They are costly, permanently damaging experiments on our children, who lack the maturity and legal capacity to count the cost of …

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Insights

550+ Companies Covering Sex-Denying Procedures for Minor Dependents

List July 28, 2026

According to February 2026 data from the Human Rights Campaign, 550+ companies provide health insurance coverage for transgender medical interventions, including puberty blockers, hormones, and surgical procedures, to covered minor dependents through their employee health plans. These companies range from major financial institutions and law firms to retailers, insurers, and tech giants. Shareholders, customers, parents, and employees deserve to know where their companies stand. 1792 Exchange calls on every company on this list to adopt clear protections for minor dependents in their healthcare plans and get back to business. A&O Shearman Adaptive Biotechnologies Corporation Billtrust Box Inc. Griffith Foods Group Hanover Insurance Horizon Blue Cross Blue Shield of New Jersey HSBC Holdings Linklaters Mayer Brown MERGE Moderna Neuberger Berman Group NTT DATA Services NTT Global Data Centers Americas PGA TOUR Publicis Health Publicis Media Sony Interactive Entertainment Sony Music Sony Pictures Steptoe Sutherland Global Services

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Insights

DOJ Sides With Insurer That Won’t Cover “Transition” Surgery for Minor

July 27, 2026

On July 13, 2026, the Department of Justice urged the Ninth Circuit to reverse a ruling that had ordered Premera Blue Cross to cover chest surgery for a young girl. The Justice Department’s brief argues the exclusion is not sex discrimination but a “sensible policy … rooted in biological reality, developmental psychology, and medical diagnosis.” Premera covers a mastectomy for a boy with gynecomastia and for a girl with breast cancer, but declines the same surgery when it is performed on a healthy adolescent, boys and girls alike. The line, the brief says, is the diagnosis, not the patient’s sex, and it reads the Supreme Court’s 2025 decision in Skrmetti to say exactly that. Every federal appeals court to weigh the question since, the brief notes, has rejected the lower court’s reasoning. The whole dispute turns on one phrase, “medically necessary.” That label rests heavily on the standards of the World Professional Association for Transgender Health, the same WPATH the FTC and multiple states are now suing for stripping surgical age limits without evidentiary basis and calling virtually every pediatric “transition” service “medically necessary.” The brief itself cites England’s Cass Review and a 2025 HHS review that found the evidence …

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Insights

Microsoft Directs Benevity to Drop SPLC Filter

Referenced July 22, 2026

Microsoft has directed Benevity to stop using the SPLC’s “hate map” to filter nonprofits from its employee gift-matching program. The Daily Signal credits 1792 Exchange, alongside Bowyer Research and The Heritage Foundation, for the shareholder activism that is moving companies away from discriminating against conservatives. Thanks to shareholder activism from 1792 Exchange, Bowyer Research, The Heritage Foundation, and others, a growing list of companies has directed Benevity to stop using the SPLC. The list includes American Express, AT&T, Mastercard, McDonald’s, Nvidia, and Salesforce. The full article can be found in Daily Caller.

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Insights

Bowyer Research Cites 1792 Exchange Data in SPLC Shareholder Engagement Campaign

Referenced July 22, 2026

Bowyer Research used 1792 Exchange’s research to identify and engage 150+ companies connected to the SPLC, who donated directly through associated corporate foundations or probable indirect support through Benevity. Companies that donate to the SPLC, or have in recent years, need to give an account for how they plan on avoiding support to politicized organizations in the future. Companies that outsource their charitable policies to third-party providers like Benevity need to make clear whether they’re relying on SPLC diagnostics that Benevity offers as a screen. Our friends and co-laborers at 1792 Exchange identified a list of more than 150 companies connected to the SPLC, either via Benevity usage or direct donations to the SPLC. In the wake of the DOJ’s indictment of the SPLC, we sent a version of the following to those companies. The full article and letter can be found HERE.

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Insights

Professionals Are Betting Less on Identity Politics for Career Advancement

Referenced July 20, 2026

“It’s interesting to see activist groups openly confess to exploiting sexual and gender identity to get ahead in the workplace. But even more interesting is that the most radical ideologues are now admitting that the spell is wearing off,” 1792 Exchange executive vice president Greg Scott told the DCNF. The 1792 Exchange is a nonprofit whose mission “is ‘helping businesses get back to business’ by influencing American companies to advance principles including free speech, freedom of religion, and free enterprise,” according to its website. “Many companies have seen that taking sides in political battles presents few benefits and carries intolerable reputational risk. It’s not speculation or mere vibing to say that businesses are increasingly getting back to business and leaving the culture wars behind,” Scott said. Scott told the DCNF that 65% of Fortune 500 companies stopped participating in the Human Rights Campaign (HRC)’s Corporate Equality Index survey in one year. He also said that HRC lost half its annual dinner sponsors in one year. “These are just two indicators that many businesses are renewing their commitment to serve all their customers, shareholders, and employees, rather than bow the knee to special interests,” Scott said. The full article can be found in Daily Caller.

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