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February 2022
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Greetings LCDA Familia,
As we progress in the new year, LCDA is primed to continue moving the needle by serving as an advocate and a resource for board placement.
In 2020, nine leading Latino business and consumer organizations launched Latino Voices for Boardroom Equity (LVBE), a coalition assembled to engage public companies lacking Latinos on the board. The Latino Voices initiative’s primary goal will be to triple latino representation on public company boards by 2023. Through LCDA’s publication of a quarterly scorecard and partners' support, the Latino Voices for Boardroom Equity initiative has proven effective at increasing Hispanic/ Latino board diversity.
We thank our partners, United States Hispanic Chamber of Commerce (USHCC), Association of Latino Professionals for America (ALPFA), Latino Donor Collaborative (LDC), Hispanic Alliance for Career Enhancement (HACE), The League of United Latin American Citizens (LULAC), Unidos US, Mexican American Legal Defense and Educational Fund (MALDEF) and National Hispanic Media Coalition (NHMC) for supporting the Latino Voices for Boardroom Equity initiative, strengthening the assertion that diversity without the inclusion of Latinos is not acceptable.
We look forward to continued US Latino boardroom advancement in 2022. We thank LCDA's members and partners for their support, which has allowed for significant accomplishments in moving the needle forward.
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Esther Aguilera
President and CEO
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Meet the Partners:
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Nine leading Latino business and consumer organizations launched Latino Voices to send a message that having Latinos at the table is a business imperative. Latinos are the largest minority in the nation, but the most underrepresented on public company boards of directors. We are united in a mission to open boardroom doors to our community, a critical step in achieving equity for Latinos in corporate America.
Our Mission:
The Latino Voices initiative is reaching out to corporations with the following goals:
- Engage corporations with no Latino representation.
- Promote and connect Latino/a board-ready candidates to US companies.
- Track progress and report placement of Latinos on US corporate board.
- Mobilize community support to drive accountability.
Why it Matters:
The US Latino community is the nation's largest ethnic group, yet at 3.2% of Fortune 1000 seats held by a US Latino, we are vastly underrepresented in corporate boardrooms.
- 62+ million - Latinos are two in ten Americans and growing.
- $2.7 trillion - Latino consumers contribute 28% of GDP volume growth.
- 70% growth - Since 2010, Latino GDP has grown faster than Non-Latino GDP, driving consumption growth in all mass consumer categories.
Exclusive Research:
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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
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LCDA CEO, Esther Aguilera recently participated in LCDA Partner, CNBC's Equity and Opportunity Forum, a unique opportunity to learn from leaders who are paving the way to create meaningful change not only for their workplace, but society as a whole.
Moderated by CNBC's Sharon Epperson, joined with some of the most influential advocacy organizations, Cid Wilson, Linda Akutagawa, and Tonie Leatherberry to discuss the strides and efforts companies and organizations have made in recent years to increase diversity for all stakeholders and their sense of progress and the challenges that may stand in the way of growth.
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USA Today: While the number of women directors has increased, companies have not added racial and ethnic minorities at the same pace.
Just 3.5% of new directors added to public company boards in California were Latino or Hispanic as of June 2021, 10% were Black or African American and 18% were Asian, according to the Latino Corporate Directors Association.
Overall, Latinos held 2.5% of board seats in the state. The vast majority of the boards – 83% – had no Latino or Hispanic directors, the study found. Latinos and Hispanics make up 39.4% of California’s population and are the state’s largest ethnic group. >READ MORE
LCDA is proud to partner with Out Leadership in advancing diversity and inclusion. Congratulations to LCDA Members: Michael C. Camuñez and Myrna Soto on being recognized as Out Leadership's Who's Who of LGBTQ+ in the Fortune 500 boardroom. >READ MORE
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Congratulations to LCDA Member Steven Wolfe Pereira on being the recipient of Women in Toys, Licensing, & Entertainment’s Changemaker Award. >READ MORE
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Congratulations to LCDA Members recently recognized as 30+ Top Latinx-Led Venture Capital Funds – The Definitive List for 2022. >VIEW THE FULL LIST
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Congratulations to LCDA Members Mario Carrera and David Rodriguez on their recognition as NACD Directorship Certified™ by the National Association of Corporate Directors (NACD). >READ MORE
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Congratulations to LCDA Members Carlos Rodríguez, CEO of ADP (#24) and Enrique Lores, CEO of HP (#82) on their recognition as one of the 100 top most highly rated CEOs according to employees. >READ MORE
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Congratulations to LCDA Member Martin Cabrera for his recognition in Crain's Chicago Business Power 25, a list highlighting "the people you need to know to get things done in Chicago." >READ MORE
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Congratulations to LCDA Members Adalio Sanchez, Sonya Medina Williams, Jesus Mantas, and Denice Torres being named Directors to Watch by Directors & Boards. >READ MORE
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Congratulations to LCDA Member Odette Bolano on her recognition as one of the 100 Most Influential People in Healthcare for 2021. The full list can be viewed here: >VIEW THE FULL LIST
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Congratulations to LCDA Member Carlos Medina on his recognition as one of the 2021 Power 100. The full list can be viewed here: >READ MORE
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LCDA Partner, the California Partners Project (CPP) published an update report, Mapping Inclusion, which measures women's representation on CA public company boards. Utilizing LCDA research, the CPP report reveals that, for the first time, in 2021, more women (50.4%) were appointed to these boards than men. "Latinas bring a particular perspective to the boardroom that has been missing for too long. The bottom line is that board diversity helps deliver better business results." – LCDA Member Anilu Vazquez-Ubarri, Partner and CHRO, TPG; Director, Upwork, Inc. Read more about the project and download the report here: >READ MORE
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LCDA Member Engineer, Inventor, and First Latina to go to space Ellen Ochoa announces new Bilingual STEAM Board Book Series. Stellar World, researched and written by Ellen Ochoa will celebrate the joy of scientific curiosity, the fundamentals of STEAM topics, and the American latino experience for the youngest of readers. >READ MORE
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In recognition of LCDA Member Hon. Nelson A. Diaz, Dilworth Paxson LLP has pledged $150,000 gift to the Temple Law School. The gift has helped establish the Hon. Nelson A. Diaz Professorship. >READ MORE
LCDA membership continues to grow as we welcome our newest experienced corporate directors. Connect via our Member Directory.
Odette Bolano
IDACORP (NYSE:IDA)
Rudolph (Rudy) Estrada
Lead Director, East West Bancorp Inc. (EWBC:NASDAQ GS); Trustee, Claremont Graduate University; Member, Board of Directors, CADCA (Community Anti-Drug Coalitions of America) Washington, D.C.
Cristy Garcia-Thomas
WEC Energy Group, Inc. (NYSE:WEC)
Jose Llontop
Giant Cement Holding US Inc. (Former)
Christine Ortiz
Mueller Water Products, Inc. (NYSE:MWA)
Hernan Saenz
Bain & Co.
Rafael Sanchez
Indianapolis Power & Light Company (IPL), a subsidiary of The AES Corporation (NYSE: AES) (Former)
Glenn Votek
Annaly Capital Management (NYSE:NLY)
Announcing LCDEF 2022 Spring BoardReady Institute (BRI)
Host - Goldman Sachs
The NEW dates for the core BRI and BRINext are March 30 Virtual Kick-off, 2:00-5:00 PM ET, and May 11-12, 2022, in-person in New York City. Details are being finalized before registration opens and provide hotel information. Please hold these dates on your calendar.
If you have any questions, please feel free to contact Ana Maria Soto at asoto@latinocorporatedirectors.org.
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LCDA is proud to announce its partnership with CNBC to provide insights on how to narrow the diversity gap for US Latinos and create new pathways for Latinos in the US workforce resulting in enduring change. Join us for the upcoming March 10th event that will include LCDA member, Nina Vaca!
Featured speakers include:
Emmanuel Acho, Author and Former NFL Player
Janis Bowdler, U.S. Department of the Treasury Counselor for Racial Equity
Brian Lamb, JPMorgan Chase Global Head of DEI
Flori Marquez, BlockFi Founder and SVP of Operations
Gorick Ng, Author, “The Unspoken Rules"
Tim Ryan, PwC U.S. Chair and Senior Partner
Shivani Siroya, Tala Founder & CEO
Nina Vaca, Pinnacle Group Founder and CEO
For a look at the agenda for the forum, Register Here.
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LCDA’s foundation, the Latino Corporate Directors Education Foundation (LCDEF), is proud to announce its partnership with UC Hastings Center for Business Law as a Curriculum Partner of the BoardReady Institute (BRI).
The Center will work alongside LCDEF and support in the creation and delivery of educational and preparatory, board-readiness and corporate governance content to our highly credentialed executives participating in the BRI programs. We will each also serve as a source for content and speaker contributions to each others’ corporate governance programs, events, podcasts, subject matter leadership, and other relevant publications/outlets.
For more information on this partnership, contact Ana Maria Soto at asoto@latinocorporatedirectors.org.
Equilar Board Leadership Forum
Hosted by Equilar and Nasdaq
Tuesday, April 5, 2022 | New York, NY | COMPLIMENTARY REGISTRATION EXCLUSIVE TO LCDA MEMBERS | Contact Ozzie Gromada Meza at ogromadameza@latinocorporatedirectors.org for the code.
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Silicon Valley Directors Exchange (SVDX)
All SDVX Events Listed Are Complimentary
WEBINAR: Government Services & Technology: Challenges and Opportunities on the Horizon | March 15, 2022 | 10:00am - 11:00am PT | Register Here
WEBINAR: Lessons Learned for Boards of Directors: Theranos vs. Headspin | April 13, 2022 | 10:00am - 11:00am PT | Register Here
WEBINAR: Climate Change and Board of Director Liability | April 26, 2022 | 10:00am - 11:00am PT | Register Here
LCDA continues to grow! We are looking for a talented professional to fill a key role for the association:
Director for Demand & Advocacy.
- Ideal candidate must have demonstrated experience in government affairs, diversity and inclusion, and or state or national social campaign work (or combination of);
- Experience developing and leading enterprise-wide strategies;
- Experience working in coalition and with key stakeholders to affect change; and
- Experience leveraging technology and innovative tools to achieve objectives.
The Director will work closely with the Vice President of Member & Talent Services and other team members, to build, implement, and drive the organizations’ demand and advocacy portfolios, including managing the Latino Voices (LV) For Boardroom Equity initiative, an initiative focused on targeting and engaging US public companies lacking Latino/a representation.
Please share this job opportunity with your networks and refer to us talented individuals you believe would make a great fit for the position. They would join a passionate, hardworking, and high-performing team of leaders working remotely across the country to make a difference and move the needle on the number of Latinos serving on corporate boards. For more information, contact Carmen Joge at cjoge@latinocorporatedirectors.org.
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Latino Corporate Directors Association | 1032 15th Street, NW | #1377 | Washington, DC 20005-1503
