- Diverse teams are constantly learning from each other, encouraging scrutiny among members. Thus, errors are reduced as members remain vigilant in their analysis when making decisions. (Rock & Grant, 2016) Besides that, teams are more innovative, being more likely to develop new products in diverse teams.
- It reported net profit of W13.7 billion ($12.5 million) in the full year 2019, and W45.3 billion in the first half of 2020 – up from just W9.6 billion in the first half of 2019. In the third quarter of 2020, kakaobank reported a profit of W40.6 billion, a seven-fold rise on the previous year.
- Section 7 – Page 6 7.6 Within their terms of reference, Scrutiny Committees will: 7.6.1 review and / or scrutinise decisions made, or other action taken in connection with the discharge of any function of the authority; 7.6.2 make reports and / or recommendations to the Full Council and / or the.
CHICAGO (AP) — Boeing said Wednesday that two of its directors are retiring, a sign of further change on the company's board as it faces a shareholder lawsuit alleging weak overview during the 737 Max crisis.
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The Chicago-based aircraft maker said Arthur Collins Jr., chairman of the committee that sets executive compensation, and Susan Schwab won't stand for reelection at Boeing's annual shareholder meeting in April.
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Boeing directors and executives were named in a shareholder lawsuit filed in a Delaware court that alleges the board failed to properly oversee management during engineering problems with the 737 Max. The plane was grounded for 20 months after two crashes that killed 346 people. The crisis has cost Boeing billions.
Last month, former KPMG CEO Lynne Doughtie replaced Caroline Kennedy, daughter of President John F. Kennedy, on the board. In 2020, two new directors joined, and the board created a safety committee. The year before that, CEO Dennis Muilenburg was ousted and replaced by David Calhoun, who had been board chairman.
Collins is a former CEO of medical-device maker Medtronic Inc. Schwab was U.S. trade representative under President George W. Bush.
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Boeing did not announce nominees to replace them.
