The largest companies in the U.S. – those with gross annual revenues of at least $20 billion – report a larger representation of women and other underrepresented groups on their boards of directors. Seventy percent have at least two women and 53 percent have two or more directors from underrepresented groups. Women managers, however, are increasingly opting out of high-end careers when companies fail to meet their professional needs and goals. Fewer than 15 percent of Fortune 500 officers and directors are women, and graduate business schools (unlike law and medical schools) have far fewer women than men applicants. NCRW is supporting efforts to make the corporate environment more welcoming and the career ladder more accessible to women and people of color.