Corporate governance expert Nell Minow“The board took no action after the first crash,” observes the veteran corporate governance expert Nell Minow. All 737 Max planes are grounded, pending an airworthiness green light from the Federal Aviation Administration that appears to be anything but imminent. In other words, the Boeing board set policies and created incentives for top management that led to disaster. The average compensation of the 12 outside board members named in the company’s latest proxy statement was $345,480 in 2018. One gets the impression that Liddy’s appointment to the Boeing board in 2010 had a somewhat pro-forma quality.

Source: Los Angeles Times January 03, 2020 13:52 UTC