Proxy advisers recommend Boeing shareholders vote against key board members [Reuters]
Boeing Company (The) (BA)
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Source: Reuters
Proxy advisers recommend Boeing shareholders vote against key board members (Reuters) - Two proxy advisers, Glass Lewis and Institutional Shareholder Services (ISS), have recommended that shareholders of Boeing Co ( BA.N ) vote against key board members of the planemaker to show objections to the company’s handling of the 737 Max crisis. Glass Lewis recommended that at Boeing’s annual meeting on April 27 shareholders vote against Larry Kellner, the chairman of its board who previously oversaw the board’s audit committee. “We believe the audit committee failed to mitigate the risk posed by management’s decisions and should be held accountable for its oversight,” Glass Lewis said in its recommendation. In a separate recommendation, ISS advised shareholders to vote against four longtime board members - Arthur Collins, Edmund Giambastiani, Susan Schwab and Ronald Williams - who had served when the 737 MAX was being developed and rolled out. ISS also said that a vote for newly named Boei
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