Boeing is facing an investor backlash following two fatal accidents involving its 737 Max aircraft, with two leading shareholder advisory firms calling for a boardroom shake-up.
Institutional Shareholder Services has told clients that Dennis Muilenburg should be stripped of his dual role as chairman and chief executive. It has recommended the appointment of an independent chairman to help the embattled group rebuild its reputation.
Glass Lewis, a rival shareholder advisory service, has recommended the removal of the board’s audit committee head Lawrence Kellner for failing to foresee safety risks with the troubled 737 Max aircraft.
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