Board Composition And Responsibilities

Meet the Boeing Board of Directors

Board Composition and Responsibilities

The Boeing Board of Directors is composed of independent members who are elected by the company's shareholders. The Board is responsible for overseeing the company's operations, including setting strategic direction, approving major financial decisions, and ensuring the company's compliance with applicable laws and regulations.

Committees and Charters

The Board has established several committees to assist it in fulfilling its responsibilities. These committees include the Audit Committee, the Compensation Committee, the Corporate Governance Committee, and the Nominating and Corporate Governance Committee. Each committee has a specific charter that outlines its responsibilities and authority.

Ethical Business Conduct

The Boeing Board of Directors is committed to ethical business conduct. The Board has adopted a Code of Conduct that sets forth the ethical principles that all directors are expected to follow. In addition, the Board has established a Compliance Committee that is responsible for overseeing the company's compliance with applicable laws and regulations. Breaking News: Boeing Announces Board and Management Changes ARLINGTON, Va., July 31, 2024 -- Boeing (NYSE: BA) today announced that its Board of Directors has elected Dave Calhoun as the company's next Chief Executive Officer (CEO), effective immediately. Calhoun will also join the Board as a director. Current CEO Dennis Muilenburg will step down as CEO, but will remain on the Board as Chairman of the Executive Committee. Calhoun is a seasoned executive with over 40 years of experience in the aerospace industry. He most recently served as CEO of Qualcomm and is a current director of Dell Technologies. The Board also announced that Ted Colbert has been elected as the company's new President and Chief Operating Officer (COO). Colbert will also join the Board as a director. Colbert joined Boeing in 2006 and has held various leadership positions within the company. These changes are part of a broader effort by Boeing to improve its governance and management following two fatal crashes of its 737 MAX aircraft.