"S&P Global believes that a concerted effort to increase participation and foster retention of women in the American workforce, particularly in those professions traditionally filled by men, represents a substantial opportunity for growth of the world's principal economy," according to the authors of a new report.

The authors of the report, "Adding More Women To The U.S. Workforce Could Send Global Stock Markets Soaring," are Jodie Gunzberg, managing director and head of U.S. Equities, S&P Dow Jones Indices; Beth Ann Bovino, U.S. Chief Economist, S&P Global Ratings, and Jason Gold, global head of strategic relations and partnerships, S&P Global.

"All told, if the U.S. were to follow the lead of many other developed countries and implement policies that encourage women to enter and remain in the workforce, the effects could reverberate globally, supporting a stock market boom far greater than the economic growth itself," the paper concludes.

S&P Global is a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. S&P Global has approximately 20,000 employees in 31 countries.

During Jan. 2017, S&P Global announced that its Board of Directors had elected Stephanie C. Hill to its Board.

Hill was honored with the Career Achievement in Industry award during the 2012 Women of Color Science, Technology, Engineering, and Math (STEM) conference.

"Stephanie has demonstrated exceptional and consistent business and community leadership in her role at Lockheed Martin and in the city of Baltimore," said Charles E. "Ed" Haldeman, Jr., Chairman of S&P Global. "Her leadership in corporate governance and working with the government on issues of critical importance will further strengthen our talented Board of Directors."

"We are delighted Stephanie is joining our Board and look forward to benefiting from her deep business management and technical experience. Her community leadership will add depth to our already strong Board of Directors," said Douglas L. Peterson, President and Chief Executive Officer of S&P Global.

Hill joined Lockheed Martin in 1987 as a software engineer and assumed positions of increasing responsibility. She is currently Vice President & General Manager of Lockheed Martin's Cyber, Ships & Advanced Technologies line of business for Rotary and Mission Systems.