According to a 2011 Harvard Business Review study, women and minorities are overrepresented on boards of firms in the Standard and Poors 500 list.

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While the number of boards with women and minorities has increased, these groups are still underrepresented. Still, companies have emphasized including female directors in key roles. For example, over half the audit and compensation committees of Standard and Poors 500 firms have at least one female member. In 1987, 9 percent of board members were female. This number rose to 16.2 percent in 2011.

According to a 2011 Harvard Business Review Study, Women and Minorities