“An attorney for Boeing Inc. stockholders told a Delaware vice chancellor on Friday that company directors considered safety “something for other people to worry about” until after the deadly crashes of 737 Max jetliners in late 2018 and early 2019 … (adding) that directors made no effort to assure they had regular reporting on safety issues before the crashes.”Law 360
June 28, 2021
“Directors failed to establish board-level monitoring, and failed to respond to red flags warning of safety risks.”
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Post Marchand, that which is mission-critical to a firm’s reputation demands board oversight.
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