Boeing Mission Statement

1393 Words3 Pages
bulb-icon

Recommended: Boeing vs Airbus case study

Vision Statement: “People working together as a global enterprise for aerospace industry leadership” (What is Boeing’s mission, n.d.). The mission statement supports the work Boeing want to accomplish and demonstrates how important aviation is to them. They have been around for a long time, which makes them a leader within the aviation world because they have more experience than any other company. They are continuously coming out with new aircraft, which constantly helps to grow the aviation industry, which in turn benefits people who use air travel and their own company. They want the world to be connected by flights and for it to be easy for anyone to fly just about anywhere they want to in order to explore different parts of the world. …show more content…

-Robert A. Bradway is an external director because he is the “CEO of Amgen, which is a biotechnology company” (Corporate Governance, n.d.). He is from the United States. He was elected to the board in 2016. “He is a member of the Finance Committee, and the Audit Committee” (Corporate Governance, n.d.).

-David L. Calhoun is an external director because he is the “Senior Managing Director for the Blackstone Group” (Corporate Governance, n.d.). He is from the United States. He has been a director since 2009. “He is a member of the Governance, Organization, and Nomination Committee plus the Compensation Committee” (Corporate Governance, n.d.).

-Arthur D. Collins Jr. is an external director because he is a “Senior Advisor for Oak Hill Capital Partners” (Corporate Governance, n.d.). He is from the United States. He was elected to the board in 2007. “He is a member of the Governance, Organization, and Nominating Committee plus he is the Chair of the Compensation Committee” (Corporate Governance, …show more content…

Liddy is an external director because he is the “Former Chairman and Chief Executive Officer of Allstate” (Corporate Governance, n.d.). He is from the United States. He has been a director since 2010. “He is a member of the Finance Committee and the Chair of the Audit Committee” (Corporate Governance, n.d.).

-Dennis A. Muilenburg is an internal director because he is the “Chairman, President, and Chief Executive Officer of Boeing” (Corporate Governance, n.d.). He is from the United States. He has been a director since 2015. “He is the Chair of the Special Programs Committee” (Corporate Governance, n.d.).

-Susan C. Schwab is an external director because she is a “Professor at the University of Maryland School of Public Policy” (Corporate Governance, n.d.). She is from the United States. She has been a director since 2010. “She is a member of the Finance Committee and the Audit Committee” (Corporate Governance, n.d.).

-Randall L. Stephenson is an external director because he is the “Chairman and the Chief Executive Officer of AT&T” (Corporate Governance, n.d.). He is from the United States. He has been a director since 2016. “He is a member of the Special Programs Committee, the Finance Committee, and the Audit Committee” (Corporate Governance,

Show More
Related

  • Peter Briger: A Brief Biography

    518 Words  | 2 Pages

    The Co-Chairman of the Board of Directors at Fortress Investment Group LLC in San Francisco, California is Peter Briger. He is listed as one of Forbes Top 400 experienced business persons. His duties at Fortress Investment Group LLC is to in charge of the company's Credit fund business. Fortress Investment Group LLC is an investment management company.

    Read More

  • John Pappajohn

    725 Words  | 2 Pages

    He has served as director in over 40 public companies and also serves as a

    Read More

  • Davita Case Study

    1443 Words  | 3 Pages

    Thiry served as co-chairman on the board for three years and now serves as chairmen (“Board and management”, n.d.). DaVita’s most recent board member has served for five years, the longest has served twenty-one years, and average tenure is eleven years (“Board and management”, n.d.). Board members combined experience includes management and leadership, knowledge of operations, finances and regulations in the healthcare industry, global business issues, operations and regulations, keen and in-depth knowledge of healthcare and the dialysis industries (“Board and management”, n.d). Through the combination of tenure and real-world experience, DaVita’s board offers expansive knowledge of the local and global marketplace will contribute to the sustainability of the business. None of the experience expressly covered environmental concerns, initiatives or expertise. Board members work directly with management to lead the organization in strategic decision making and thinking (Corporate governance, n.d.). Additional responsibilities include representing “the collective interests…stockholders, provide expertise and advice to the CEO, review operational plans and budgets and oversee internal controls over financial reporting” (Corporate governance, n.d.). There was no mention of evaluating management’s

    Read More

  • 1

    677 Words  | 2 Pages

    The overall idea that Nadar, Green and Seligman present is that we need to allow the board to play its original role and to remove the excessive amounts of power that are current held by the highest company executives. Their goal is to make companies democratic just like the American system government and to make all who participate accountable for the actions they take.

    Read More

  • Corporate Responsibilities

    1045 Words  | 3 Pages

    The corporation’s business is carried out by its management, under the direction of the Board of Directors. The Board, and each committee of the Board, has complete access to management. Also, the Board and committee member’s has access to independent advisors as each considers necessary or appropriate. Mallor, Barnes, Bowers, & Langvardt (2010) state that the Board of Directors also, issues shares, Adopts articles of merger or sha...

    Read More

  • Case Analysis Of Hollate Manufacturing

    721 Words  | 2 Pages

    The oversight responsibilities of the board, the CAE lacking of expertise or broad understanding of financial controls and responsibilities, and the understaffed internal audit functions lacking of independence and direct access to the board of directors contributed to the absence of internal controls. To begin with, the board should be retrained to achieve financial literacy to review financial reporting. Other than attending formal meetings, the board of directors should be more involved with the management. For the Audit Committee, the two members who were recruited as acquaintances to Brennahan need be replaced with experts who are more sufficiently knowledgeable about accounting rules beyond merely “financially literate”. Furthermore, the internal audit functions need to expand with different expertise commensurate with the expanded activities of the organization, testing financial reporting rather than internal controls from an operational perspective. The CAE should be more independent and proactive to execute audit plans, instead of following orders from the CFO, and initiate a direct and efficient communication between internal audit and audit

    Read More

  • Boeing Company's Goals And Actions

    1576 Words  | 4 Pages

    The Boeing Corporation is one of the largest manufacturers in the world. Rivaled only by European giant Airbus in the aerospace industry, Boeing is a leader in research, design and manufacture of commercial jet airliners, for commercial, industrial and military customers. Despite enjoying immense success in its market and dominating an industry that solely recognizes engineering excellence, it is crucial for Boeing to ensure continued growth through consistent strategy formulation and execution to avoid falling behind in market share to close and coming rivals.

    Read More

  • The Boeing Company

    9144 Words  | 19 Pages

    To achieve the above goals and fulfil Boeing’s mission, the following objectives will guide company:

    Read More

  • Gender Diversity in Corporate a Governance Report

    823 Words  | 2 Pages

    Huy, D. T. N., 2012. The Backbone of International Corporate Governance Standards : Case Studies and Analysis. s.l.:Lulu.com.

    Read More

  • Byte Products, Inc.

    1032 Words  | 3 Pages

    The Board of Directors is consisted of 11 members: James M. Elliot, the Chairman of the Board, 3 inside members and 7 outside members. The economy is stable and profitable, but that also means a lot of competition in the market. This poses a great opportunity for the company to grow and gain more of the market share. The only foreseeable real threat that the company will face is new competitors in the market.

    Read More

  • boeing case study

    559 Words  | 2 Pages

    Boeing moved for right track. They decided to compete with other global brands in terms of public image and goodwill. As Phil Condit, Boeing CEO and chairman, announced at Farnborough air show in 2000, this company goals are focusing on: running healthy core businesses, leverage the company’s strength into both new products and services, and open new frontiers. Achieving these major goals can improve Boeing public image both domestically and internationally. There are other areas of weakness existed within this company such as adaptation to new business and communication methods. Boeing must have more participation in areas of public to prove that it is seeing beyond the traditional boundaries.

    Read More

  • Boardroom Diversity In Corporate Governance

    1433 Words  | 3 Pages

    Evolving societal, political, as well as cultural perceptions of corporate boardroom membership are somewhat eliciting interest in the diversity of corporate directors. Additionally, the increasing worldwide desire for enhanced corporate governance is also a reason (Carter et al. 2010, p.396) and (Grosvold, Brammer and Rayton, 2007, p.347). For instance, in the UK, novel corporate governance laws after the Cadbury Report as well as the Higgs Review have highlighted the value of boardroom diversity, including gender diversity, and the necessity for choosing directors from a broader ta...

    Read More

  • Board of Directors Remuneration

    1406 Words  | 3 Pages

    The board of directors has both executive and non executive directors. Executive directors have both executive and board duties to perform while non executive directors have only board responsibilities. Therefore both types of directors vary in the responsibilities and authority they have in the company affairs. Thus the non executive directors devote very little time to company affairs ( only attend board meetings, committee meetings of which they are members or sometimes pay a visit to the company premises for getting knowledge of how things are done).

    Read More

  • Directors In A Company Case Study

    2322 Words  | 5 Pages

    The Role of the Directors in a Company is of a paramount importance in the discourse of the proper running of the company. Directors are the spirit of the company .The company is merely a legal entity, governed by its directors. These directors have certain duties and responsibilities. These are mainly governed by the Corporation Act, 2001. Section 198A (1) of The Corporations Act, 2001(The Corporations Act 2001 s 198A (1)), clearly states that, ‘The business of a company is to be managed by or under the direction of the directors’.

    Read More

  • Corporate Governance: The Role of Boards in Company Operations

    1412 Words  | 3 Pages

    According to Carol Padgett (2012, 1), “companies are important part of our daily lives…in today’s economy, we are bound together through a myriad of relationships with companies”. The board of directors remain the highest echelon of management in any company. It is the “group of executive and non-executive directors which forms corporate strategy and is responsible for monitoring performance on the behalf of shareholders” (Padgett, 2012:1). Boards are clearly critical to the operation of companies and they are endowed with substantial power in the statute (Companies Act, 2014). The board is responsible for directing and steering the company. The board accomplishes this by business planning and risk management through proper corporate governance.

    Read More

More about Boeing Mission Statement

Open Document