1. Boeing's CEO Should be Removed as Chairman of the Company's Board Amid its 737 Max Crisis, a Major Shareholder Advisor Says

    Boeing's CEO Should be Removed as Chairman of the Company's Board Amid its 737 Max Crisis, a Major Shareholder Advisor Says
    • A major proxy advisor is urging Boeing investors to require an independent board chairman at the company's annual meeting on April 29.
    • Boeing CEO Dennis Muilenburg currently serves as an independent director of the company's board.
    • ISS says the board needs an independent chairman if it wants to weather the crisis that has seen the 737 Max, its best-selling plane, grounded worldwide for more than a month...
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    1. Support is warranted for the proposed policy to require an independent board chair, as shareholders would benefit from the most robust form of independent oversight to ensure that the company's management is able to regain the confidence of regulators, customers and other key stakeholders.
    2. Serious concerns have been raised about Boeing's actions (or inactions) related to the development, certification and marketing of the 737 Max, a product which is critical to the company's financial performance.
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