FILE PHOTO: Dennis Muilenburg, President, Chairman, and CEO of the Boeing Company, speaks at the George W. Bush Presidential Center’s 2019 Forum on Leadership in Dallas, Texas, U.S., April 11, 2019. REUTERS/Jaime R. Carrero
(Reuters) – Pensions & Investment Research Consultants (PIRC), which advises pension schemes and other investors, recommended on Tuesday that investors in Boeing oppose the re-election of Dennis A. Muilenburg as chairman and chief executive officer.
“There should be a clear division of responsibilities at the head of the company between the running of the board and the executive responsibility for the running of the company’s business,” PIRC said.
“No one individual should have unfettered powers of decision,” PIRC said, adding that “combining the two roles in one person represents a concentration of