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AL DÍA News: 2021 Person of the Year
LCDA CEO, Esther Aguilera, honored as AL DÍA's 2021 Person of the Year. She says, “We have built, for the first time, the largest, fast-growing network of Latinos at the highest levels of corporate leadership and corporate governance who are committed to paying it forward.”
>Read More: Person of the Year, AL DÍA News
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The New York Times: Board Diversity Increased in 2021. Some Ask What Took So Long
The number of Hispanic people on boards, for example, went up 15 percent, yet they make up only 3 percent of the total, far shy of their 18.5 percent share of the population.
"It is still not— as you can see from the numbers — growing at the level that it needs to," said Esther Aguilera, [CEO] of Latino Corporate Directors Association. She added, "We celebrate all diverse appointments, but Latinos are being left behind."
>Read More: New York Times, Corporate Board Diversity
Morgan Stanley: Does Ethnic Diversity on Corporate Boards Affect Stock Prices?
For U.S. companies, the study found, racial and ethnic diversity on the corporate boards of large-caps had a significant positive impact on stock price: The difference in returns between stocks of companies with the highest number of people of color on their boards and those with the least was 1.5%. "Our research suggests that using racial and ethnic board diversity factors can improve U.S. large-cap equity stock selection." -Yijia Chen, ESG Quantitative Research Analyst and Index Manager, Calvert Research and Management
>Read More: Boardroom Ethnic Diversity and Financial Performance
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Directors and Boards: Directors to Watch 2021: Ethnic and Racial Diversity in the Boardroom
Companies that don’t accelerate the process will suffer. According to Directors & Boards, one visible path forward, regardless of the current approach to racial and ethnic diversity, is to create a plan for evolving board composition and promoting that plan to all interested parties. Congratulations to LCDA Members Adalio Sanchez, Sonya Medina Williams, Jesus Mantas, and Denice Torres on being named Directors to Watch 2021!
>Read More: Directors to Watch 2021
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NBCUniversal: News Group feature in 2021 Variety 500 & Mediate's Most Influential News Media Lists
LCDA Member and NBCUniversal News Group Chairman, Cesar Conde, among others, named to the 2021 Variety500 List, which highlights the 200 most influential business leaders shaping the global media industry.
>Read More: Variety 500 List
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Agenda: Tyson Commits to Racial Equity Audit After Shareholder Demand
The American Baptist Home Mission Societies (ABHMS) filed an investor proposal calling for a race-specific audit. Tyson said it had intended to undertake a human rights assessment, to include racial equality, before the proposal was filed, but hadn't publicized the plan.
>Read More: Tyson's Commitment to Racial Equity
In partnership with Goldman Sachs, we’re launching an annual SPRING BRI session to keep pace with our growing membership. To celebrate the growth of this signature program, the theme is Building Community – all LCDA members and partners are invited to join.
For more information about LCDA’s Executive Membership and registration to the member-only LCDEF BoardReady Institute 2022 Spring programming, contact Ana Maria Soto at asoto@latinocorporatedirectors.org.
"This program is addressing a critical gap by shattering the perceptions that there’s a lack of board-ready talent. No other programming of this scope is focused on accelerating the development and placement of Latino board-qualified executives on corporate boards,” stated Dolores Kunda, LCDEF Board Co-Chair.
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Join us for the next KPMG Board Leadership Center quarterly webcast as the KPMG Board Leadership team explores the hot-button issues and critical challenges and priorities driving board and committee agendas in 2022.
KPMG Board Leadership Center Webcast
Date: Thursday, January 27, 2022
Time: 11:00 a.m.–12:00 p.m. (ET)
LCDA partnered with Egon Zehnder to showcase great leaders and the even greater stories behind their success.
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LCDA’S WORK IS INDISPENSABLE. Thank You to our 2021 Corporate Partners for making it possible! We look forward to even greater impact in 2022.
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Latino Corporate Directors Association | 1032 15th Street, NW | #1377 | Washington, DC 20005-1503
