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4/25, 6:56 AM (Source: TeleTrader)
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Boeing board members targeted by proxy advisors - report

Two prominent proxy advisors, Glass Lewis and Institutional Shareholder Services (ISS), urged Boeing's shareholders to vote against key board members citing their poor handling of the 737 MAX disaster, according to media.

Both proxies recommended that at the Boeing's annual meeting on April 27 shareholders vote against the chairman of the board Larry Kellner, as well as against four other key members, Arthur Collins, Edmund Giambastiani, Susan Schwab and Ronald Williams, who have observed the beginning of 737 MAX development, the Wall Street Journal reported.

"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 stated.

Breaking the News / BJ