Many of the countries on this list are similar to those named in the IRRC database.

CENTERFORSECURITYPOLICY: Center For Security Policy

The IRRC also says that 82% of minority directors are independent (that is, not part of management), compared with 65% of Caucasian directors.

FORBES: , always gets a nod, as do Stanley O'Neal

"If another country came up with a list, we'd evaluate it and consider using it for our research, " says Catherine Sheehy, director of IRRC's corporate-benchmarking service.

CENTERFORSECURITYPOLICY: Center For Security Policy

Overall, the typical non-white director serves on 2.2 boards, compared with 1.7 for white directors, according to a study of 1, 400 companies by the Investor Responsibility Research Center (IRRC).

FORBES: , always gets a nod, as do Stanley O'Neal

Many analysts believe that IRRC's new database, coupled with legislative moves in Congress, could alter the landscape of global investing and prompt U.S. fund managers to unload stocks of companies active in countries involved with terrorism and weapons of mass destruction.

CENTERFORSECURITYPOLICY: Center For Security Policy