As LCDA’s new Board Chair, I am honored to lead the organization at a time of immense growth. Talent, Influence, and Placements on boards is what differentiates LCDA as a leader in this space. LCDA is uniquely qualified to grow the supply pool of aspiring directors and accomplished directors. I plan to focus on leading the movement to identify and build the pipeline of qualified Latino talent for the boardroom, including: - Further growing the membership
- Expanding the demand for Latino boardroom members
- Leveraging network opportunities for LCDA members
The work LCDA is doing is more relevant than ever today. I am encouraged by companies expanding their support and inclusion of diversity at all levels, but diversity must also include Latinos. Clearly, not enough opportunities are being given to increase Latinos in the boardroom. Further accelerating the growth of LCDA’s US Latino network at the highest level of corporate leadership is a great opportunity to continue positioning and promoting the next wave of Latino directors.
LCDA is growing the supply and the demand – thereby moving the needle. With our robust database of highly-qualified members, including our newest board aspiring members, we demonstrate to public and private companies that partnering with LCDA is good business and good for business. I want to thank our Board and Members for their commitment to pay it forward, and our LCDA network for your support of our mission. |
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Elizabeth Oliver-Farrow LCDA Board Chair |
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Congratulations to LCDA Members for their board appointments! LCDA members continue being at the forefront of Latino board seat holders in Fortune 1000 companies.
To view recent board appointments and connect with LCDA Members >CLICK HERE |
Despite Court Ruling, California AB 979 Significantly Reduced the Number of All White Boardrooms, but Unsuccessful in Adding Latino Directorships
The Latino Corporate Directors Association (LCDA) recently released research documenting the successes and failures of California law AB 979 in its California Boardroom Equity Report: A Review of California Public Company Board Composition by Ethnicity, Race, and Gender.
As of December 31, 2021, AB 979 has been successful in reducing the number of all white boardrooms by more than 20%. But AB 979 failed to equitably increase the number of Latino directorships, adding less than 1% of board seats for Latinos and maintaining their status as the most underrepresented ethnicity or race in California public company boardrooms.
Nearly 80% of California public company boards lack a Latino director, even though 39% of California’s population is Latino. California public companies rank far below national representation when compared with Fortune 1000 company boards, where 47% of companies lack the perspective of a Latino director. >Read the full report here |
San Francisco Chronicle: Latinos hold only 3% of California's public company board seats despite diversity push
“Still too often Latinos are under the radar screen,” said Esther Aguilera, CEO of Latino Corporate Directors Association. “There’s hundreds of experienced directors and thousands of C-level executives that are qualified for the board room. One of the biggest hurdles we have seen is this myth that they can’t find qualified Latinos.” Aguilera said companies have a business interest in seeking diversity. “If you don’t have diversity in the boardroom it can lead to lost market share and missed market opportunity, especially as the country is diversifying,” she said.
>Read More: San Francisco Chronicle |
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CNBC: LCDA CEO Esther Aguilera was featured on why investing in Latinos is smart business. >VIEW HERE
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Bloomberg Law: Board Diversity Push Continues After California Mandate Struck
Public companies will keep facing pressure from stakeholders and the public to diversify their boards of directors despite a California court ruling that voided that state’s diversity requirement. >READ MORE
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Directors & Boards: LCDA Members, Adis Vila and Grace Lieblien along with other thought leaders, shared their insights on how big is too big of a board? >READ MORE |
Directors & Boards: Highlights LCDA Members Amb. Antonio Graza and Adis Vila on what makes a good board member. >READ MORE
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Latino Leaders Magazine: Congratulations to all LCDA members featured as Top Latinas. >READ MORE |
Hispanic Executive: LCDA AVP, Marketing and Communications, Monique Navarro spoke with Hispanic Executive about her passion for LCDA and how her personal and professional journeys have motivated her to empower others.
"We want to change the perception of Latinos and Latinas so it’s normal to see them in the boardroom," she said. "My advice for Latinos out there is to bring your presence to whatever field you are in—if there are only a few of us, we have to give it our all. Our stories are rich and unique and valuable. And they are so important," she added. >READ MORE
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AL DÍA News: LCDA AVP, Marketing and Communications, Monique Navarro shares the importance of changing the perception of Latinos to spotlight the robust supply of Latino corporate talent.
"While Latinos make up [20%] of the U.S. population, less than 3% of Latinos hold director roles in Fortune 1000 companies. 'We belong in the room, we belong in these seats, we belong in any place, especially leadership roles that affect us and impact our community,'"
“'LCDA is helping drive an upward progress to change the boardroom landscape and C-suite landscape, and further pave paths of opportunities for our community,'" she added. Through raising awareness, educating the public, and building campaigns, LCDA is a big part of the solution toward changing the narrative of Latinos as executive talent, and Navarro is a major catalyst for this effort. >READ MORE
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Congratulations to LCDA Member Bernadette S. Aulestia who was named Chief Growth Officer/Chief Revenue Officer at Callisto Media Inc. >READ MORE |
Congratulations to LCDA Member Michael Garcia who was named Chief Executive Officer at Algoma Steel Group Inc. (NASDAQ:ASTLW). >READ MORE |
Congratulations to LCDA Member Isaac Mizrahi who was named Chief Executive Officer at Alma. >READ MORE |
Congratulations to LCDA Member Luis Patino who was named CEO of Austin PBS. >READ MORE |
Congratulations to LCDA Members Patricia Pineda, Myrna Soto, Ralph de la Vega, Maria Sastre, and Graciela Monteagudo who were named 2022 NACD Directorship 100 Honorees. >READ MORE |
Congratulations to LCDA Member Claudia San Pedro who was named 2022 Restaurant Leader of the Year. >READ MORE |
Congratulations to LCDA Member Heather von Zuben who was named Senior Managing Director at Blackstone Inc. (NYSE:BX). >READ MORE |
LCDA membership continues to grow as we welcome our newest experienced corporate directors. Connect via our Member Directory.
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Gonzalo De La Melena
Pinnacle West Capital Corp. (NYSE:PNW) |
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George (Jorge) de Urioste HeartBeam Inc. (NASDAQ:BEAT) |
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Pedro Guerrero Northview Bank & Trust, a subsidiary of Wintrust Financial (NASDAQ:WTFC) |
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| Randy Ortiz LoJack Corp. (De-listed); Telenav Inc. (De-listed) |
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Stewart Stockdale J.G. Wentworth (De-listed); Rellevate, Inc. |
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Arthur Valdez Jr. Advance Auto Parts Inc. (NYSE:AAP); Shipt |
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2022 Spring BoardReady Institute Building Community - Group Photo with Goldman Sachs Chairman and Chief Executive Officer, David Solomon. |
The LCDEF wrapped up the 2022 Spring BoardReady Institute (BRI), in New York City May 10-12. The event was a resounding success with tremendous learning and networking opportunities. We thank our host, Goldman Sachs, for helping to make these valuable connections and insights possible.
The LCDEF’s premiere BoardReady Institute (BRI) is a comprehensive set of exclusive, in-person programs (the core BRI and BRINext) uniquely designed to prepare and position new and aspiring directors for boardroom success. There is no other programming of this scope focused on accelerating the development and placement of highly credentialed Latinos from a variety of sectors and professions onto the highest levels of corporate governance.
Learn more about the BRI and LCDA Executive Membership. |
LCDA is proud to recognize Edison International, on having one of the most diverse corporate boards with 8 out of 12 members being women or people of color, including two Latinos, Pedro Pizzarro and Michael C. Camunez, and the recent appointment of Board Chair, Peter Taylor. |
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Thank you to LCDA partner National Association of Corporate Directors (NACD) for recognizing the abundance of diverse talent available for corporate boardrooms and speaking out on last week's LA County Superior Court ruling that struck down CA AB979. LCDA plans to continue its dialogue with California public companies, highlighting Latino talent and offering LCDA as a resource to boards and their search firms, while making the business case for the inclusion of Latino directors.
>READ MORE |
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LCDA is a prominent player and resource to entities that influence board placement. "Though the share of seats going to Black directors remained near last year’s record high, Asian or Asian American and Hispanic or Latinx representation has not improved over the past 13 years. The fact that the Hispanic or Latinxcommunity represents 19% of the US population and the Asian or Asian American community is the fastest growing over the longer term indicates just how much more work needs to be done to move toward equitable representation."
>READ MORE: 2022 Heidrick & Struggles 2022 Board Monitor
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About LCDA
The Latino Corporate Directors Association (LCDA) is the only association made up of US Latinos that serve on publicly-traded and large private company boards, as well as C-level and board-qualified executives. LCDA’s membership includes accomplished Latinos at the highest levels of corporate leadership who share our mission to increase the number and influence of Latinos on corporate boards.
LCDA serves as an advocate and resource to corporate boards, search firms, private equity, and institutional investors interested in gaining access to exceptional Latino board talent. Our program areas focus on growing the supply of high-caliber boardroom candidates and providing quality corporate governance programming for experienced and aspiring directors.
LCDA, 1220 L Street NW, Suite 701 / Washington, D.C. 20005 202-838-1048 | www.latinocorporatedirectors.org |
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