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Bloomberg: 'Sea of White': Latino Leaders Fight to Reshape US Boardrooms
Corporate boardrooms remain a “sea of White” and Latino executives are falling behind at every level of corporate America, said Esther Aguilera, chief executive officer of the Latino Corporate Directors Association.
“We are far behind and the numbers are dismal,” she said during a panel on Tuesday at the Bloomberg Equality Summit in New York City.
Latino CEOs lead only 20 of the Fortune 500 companies and hold just 4% of board seats, according to LCDA. While the percentage of new Black directors in the Fortune 500 almost tripled to 28% in 2020, the share of Latino directors slipped by a percentage point to 4%, according to a report by executive recruiter Heidrick & Struggles.
>Read More: Latinos Being Left Behind
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Esther Aguilera, CEO, Latino Corporate Directors Association and Luis Ubiñas, Former President, Ford Foundation speak about the importance of Latino representation at the executive level with Bloomberg’s James Ellis at the Bloomberg Equality Summit.
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TIME Inc: First Latina CEO of a Fortune 500 Company
LCDA Member, Geisha Williams, featured as Time's one of the "First's Changing the World", being the first Latina CEO of a Fortune 500 company. She says,"You always hear people talking about what it means to be the first. But I think it’s important that we focus on making sure there are others. While I may be the first, I certainly don’t want to be the last."
>Read More: Time Feature First Latina CEO
LA Times: Warner Bros. Discovery board of directors draws more criticism for lack of Latinos
"Consider this: Latinos make up approximately 40% of the population in california - where warner Brothers was originally founded but are the least represented" said Brenda Castillo, President of the National Hispanic Media Coalition (NHMC).
>Read More: Warner Bros. Discovery Merger excludes Latinos on Board
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Diligent: Breakdown of ESG Trends
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: Diligent's ESG Trend Breakdown
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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