Ethicast: Boeing’s Plea Deal is Really a Recipe for Success in Disguise

Ethicast: Boeing’s Plea Deal is Really a Recipe for Success in Disguise

Aerospace giant Boeing has accepted a plea agreement with the U.S. Department of Justice for violating the conditions of its 2021 prosecution agreement involving the serious safety and compliance issues that came to light following the 2018 and 2019 crashes of 737 MAX aircraft. In this plea agreement, Boeing must spend at least $455 million on improving its safety and compliance functions within the next three years.

Ethisphere Chief Strategy Officer, Erica Salmon Byrne, explains what all of this means for Boeing, and what other compliance professionals can learn from this, the work ahead for Boeing, and how compliance costs can become an investment for success.