Independent Chair Proposal Gets Majority Support at Boeing

John Chevedden’s shareholder proposal gets majority support:

On Monday, [Boeing] shareholders also narrowly approved a measure backing a policy requiring an independent board chairman. Boeing has had a separate chairman and chief executive since October.

Boeing said each of the company’s 12 board nominees received a majority of votes from shareholders, though five directors got a significant number of no votes.
Two proxy advisers, Glass Lewis and Institutional Shareholder Services (ISS), had recommended that Boeing shareholders vote against key board members to show objections to the company’s handling of the 737 MAX crisis.

via Boeing Says It Will Need to Borrow More Money on Coronavirus Fallout – The New York Times

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s