The Boeing management has received strong criticism from two shareholder
advisory firms because of the problems involving the 737 MAX. The companies
advised investors to oppose the way in which the management is now
structured at the aircraft manufacturer, as reported by the Financial
Times.
 
Institutional Shareholder Services believes that Boeing CEO Dennis
Muilenburg should no longer play a double role. He is now both chairman and
executive director. ISS advocates the arrival of an independent chairman,
the newspaper said.
 
Glass Lewis, a branch of ISS, has a different advice. Glass Lewis believes
that the head of the so-called audit committee at Boeing should be
replaced.
 
The American concern is currently being examined by numerous agencies. With
a 737 MAX aircraft, two fatal crashes occurred in a short time, in October
in Indonesia and in March in Ethiopia. There are also shareholders who have
taken the group to court. They claimed that Boeing "put profitability
and growth above safety and fairness" and concealed the true extent of
the plane's security problems.

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