A study conducted by management consultants Grant Thornton LLP, Chicago, and The Segal Co., New York, found that there are still few women in the board room. TheAnnual Study of Small-to-Midsize and Large Public Company Boards included 160 large public companies with annual sales of $12.5 billion and median net earnings of $786 million. It also included 193 small-to-midsize companies with median annual sales of $137 million and median earnings of $11 million. Of the total number of board members at the large companies, 10% are women--two and one-half times greater than the total number of women on the boards of the small-to-midsize companies. Only 4% of the pool of directors at the small-to-midsize companies are women.