The Boeing 737 MAX scandal is a troublesome and disturbing case where corporate board oversight and responsibility were lacking. The implications of the board's failure resulted in the killing of innocent passengers and the grounding of Boeing's 737 MAX. Add to that a $2.5 billion settlement, a criminal case against a Chief Technical Pilot, and continuing safety and technical problems, and you have the recipe for continuing disaster at Boeing. The Delaware Chancery Court's recent decision denying Boeing's motion to dismiss See more +
The Boeing 737 MAX scandal is a troublesome and disturbing case where corporate board oversight and responsibility were lacking. The implications of the board's failure resulted in the killing of innocent passengers and the grounding of Boeing's 737 MAX. Add to that a $2.5 billion settlement, a criminal case against a Chief Technical Pilot, and continuing safety and technical problems, and you have the recipe for continuing disaster at Boeing. The Delaware Chancery Court's recent decision denying Boeing's motion to dismiss shareholder derivative claims outlines a devastating picture of Board governance failures relating to Boeing's response to the Lion Air crash in October 2018 and the Ethiopian Airlines crash in March 2019.
Listen to Michael Volkov and me as we discuss the implications of this recent decision. https://bit.ly/3ldIwAF See less -