U.S. boards still lack women

A new survey by a recruiting firm says that women and people of color are still largely underrepresented in corporate boardrooms.

A study of 2,357 directors of the top 200 Standard & Poor’s 500 companies found that 16 percent of the directors are women and 15 percent are minorities.
…Irene Natividad, co-chairman of the nonprofit CWDI, said the lack of women on corporate boards occurs because they rarely make it to the highest ranks of management.
“Only 16 percent of senior executives are female in the Fortune 500, Natividad said. “The pool is too small. They’re not being recruited to rise to the top positions, so no one is putting them on boards.”
The Spencer Stuart study also found that 97 percent of the top 200 largest S&P companies had at least one women on their boards, while 90 percent had at least one minority director.

Oooh–at least one! They must be so proud.