Boeing shareholders approved a slate of 12 company-backed nominees for the board on Monday despite recommendations from two proxy advisers against five directors, including the chairman, for what the advisers called poor oversight of the company's handling of the 737 Max crisis.
Glass Lewis said shareholders should reject Chairman Lawrence Kellner, and Institutional Shareholders Service targeted four other longtime directors and told investors to support CEO David Calhoun “with caution.” All of them served on the board during development of the Max, which has been grounded since March 2019 after two crashes that killed 346 people.