Large companies are ''recruiting from farther down management ranks and from the academic and nonprofit worlds
At the 200 largest companies in the Standard & Poor's 500, 16 percent of directors are women and 15 percent are minorities. The overall supply of qualified business executives is still low, however, according to a new report by executive recruiting firm Spencer Stuart.
To increase the numbers of women and minorities on their boards, stated the report, the companies are "recruiting from farther down management ranks and from the academic and nonprofit worlds."
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