Thirty-one companies have three or more women directors, up from 23 companies in 1996. Companies established on the Fortune list are more likely to have women on their boards than are the new Fortune companies. There is a statistically significant correlation between companies that remain on the Fortune 500 list from last year and the number of their women board members, compared with companies new to this year's list. Catalyst has traced the number of women on the boards of directors of top companies over a period of years and first published the Catalyst Census of Women Board Directors in 1993. The Census lists the Fortune 500, indexed by rank, industry, and state, with the names of women on each board.
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