Current and former Boeing Co. directors have reached an approximately $225 million agreement to settle a shareholder lawsuit that claimed the plane maker’s board failed to properly oversee safety matters related to the 737 Max, according to people familiar with the matter.
As part of the proposed settlement, Boeing BA, -0.16% has agreed to hire an ombudsman to handle internal issues and appoint a board member with experience in aviation safety, some of these people said.
This article was originally published by Marketwatch.com. Read the original article here.
