By Maria Ponnezhath and Kanishka Singh(Reuters) - Two proxy advisers, Glass Lewis and Institutional Shareholder Services (ISS), have recommended that shareholders of Boeing Co vote against key board members of the planemaker to show objections to the company's handling of the 737 Max crisis. Glass Lewis recommended that at Boeing's annual meeting on April 27 shareholders vote against Larry Kellner, the chairman of its board who previously oversaw the board's audit committee. A Boeing spokesman said the planemaker is continuing to learn from the 737 Max crashes and is taking actions to rebuild trust. Proxy advisers recommend how investors should vote in corporate elections and cast ballots on behalf of some asset managers. The Chicago-based company suspended 737 MAX deliveries in March 2019, when the Federal Aviation Administration grounded the aircraft following the deaths of 346 people in crashes of two 737 MAX planes operated by Lion Air and Ethiopian Airlines.

Source: Ethiopian News April 25, 2020 04:28 UTC