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[email protected]. Unauthorized distribution of this report is prohibited. ISS Proxy Analysis & Benchmark Policy Voting Recommendations Meeting Type: Annual The Boeing Company Meeting Date: 27 April 2020 Record Date: 27 February 2020 Key Takeaways Meeting ID: 1407738 A vote against longtime directors Collins, Giambastiani, Schwab and Williams is New York Stock Exchange: BA warranted due to the board's failure to exercise sufficient oversight of Index: S&P 500 Sector: Aerospace & Defense management strategy and corporate culture. Notwithstanding his long tenure GICS: 20101010 on the board, a vote for newly-named CEO Calhoun is warranted, with caution, as he will need to demonstrate that he can be an effective leader of cultural Primary Contacts change at Boeing. Marc Goldstein, JD Rachel Hedrick – Compensation Kathy Belyeu – E&S Analysis Support is warranted for the proposed policy to require an independent board chair, notwithstanding that the current chair is independent, as shareholders U.S. Research Help Center would benefit from continuing the most robust form of independent oversight of management as the company undergoes a cultural transformation and rebuilds credibility with regulators, customers and other key stakeholders. Support for the lobbying disclosure shareholder resolution is warranted, as additional disclosure of the company’s direct and indirect lobbying-related expenditures and oversight mechanisms would aid investors in assessing the company's management of related risks and benefits. Agenda & Recommendations Policy: United States Incorporated: Delaware, USA Item Code Proposal Board Rec. ISS Rec. MANAGEMENT PROPOSALS 1a M0201 Elect Director Robert A. Bradway FOR FOR 1b M0201 Elect Director David L.