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Proxy advisors recommend Boeing shareholders vote against essential board members

Byindianadmin

Apr 25, 2020 #board, #members

( Reuters) – Two proxy advisors, Glass Lewis and Institutional Investor Solutions (ISS), have actually advised that investors of Boeing Co ( BA.N) vote against crucial board members of the planemaker to reveal objections to the company’s handling of the 737 Max crisis.

SUBMIT PHOTO: Workers enter the Boeing Renton Factory as industrial plane production resumes following a suspension of operations last month in reaction to the coronavirus pandemic as efforts continue to help slow the spread of the coronavirus disease (COVID-19) in Renton, Washington, U.S. April 21,2020 REUTERS/Jason Redmond

Glass Lewis advised that at Boeing’s yearly conference on April 27 investors vote against Larry Kellner, the chairman of its board who formerly supervised the board’s audit committee.

” We believe the audit committee failed to alleviate the threat presented by management’s choices and ought to be he

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