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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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