At the time, Tiffany said it will limit waivers on its directors’ retirement age. That means one board member won’t stand for re-election this year -- and two more would have to leave in 2018. That gives the company an opportunity to replace retiring directors with more diverse executives, CtW said.
The firm said that if Tiffany fails to adopt a policy to consider women and minorities for the board, it may take measures, such as starting a campaign to urge shareholders to remove some directors.
This article was provided by Bloomberg News.