In the aftermath of this 737 Max emergency, two major shareholder advisory firms are advocating Boeing stock owners to shake up the provider’s management and board.
Dennis Muilenburg holds both jobs. The vote will occur in the April 29 annual meeting in Chicago.
The ISS notice to investors especially cites the two fatal crashes of their 737 Max and the harm to Boeing’s reputation from the plane’s problems.
Earlier this month, Muilenburg announced the creation of a new board committee consisting of independent directors charged with reviewing policies and procedures for the design and development of its planes.
The resolution to divide the Boeing CEO and chairman positions were filed well before the next crash of a 737 Max jet on March 10. There was a similar resolution put to shareholders annually ago. It was defeated with the aid of just 25% of the organisation’s shares then.