April 2022

Member Directory | Latino Board Tracker | Member Spotlight | LCDA News | BRI

Greetings LCDA Familia, 

I am pleased to report on the latest programming and offerings for members and the overall LCDA network.

First, we’ve launched our spring and summer BoardWise Virtual sessions focused on board-trending ideas, insights, and interaction. Last week, we teamed up with McKinsey’s Latino & Hispanic Economic Forum (HLEF) to present The Economic State of Latinos in America: The Opportunity Gap, based on their ground-breaking report on this subject. The findings reveal that Latinos start more businesses per capita than other racial or ethnic groups, yet face continued challenges in securing financing. In a situation of parity, “Latino businesses could generate an additional $2.3 trillion in total revenue each year, and 735,000 new businesses could be created supporting 6.6 million new jobs.” Moving forward, LCDA will be partnering with McKinsey to produce and distribute resources that will help our members share this crucial information with their colleagues, boards, and companies. 

Today, April 6, will be our next BoardWise Virtual Session, Update on Proposed SEC Regulation Changes. This important session features a fireside chat with former SEC commissioners, followed by a deep-dive with a guest speaker and expert on the proposed climate change regulations, to learn what questions you should be asking in the boardroom, and of your company officers, to ensure they’re ready for these changes. Join us to keep up to date on this important topic.

Second, as a reminder, we kicked-off the 2022 Spring programming of our premier BoardReady Institute (BRI). This unique and comprehensive set of programs are offered twice a year, Spring and Fall. The Spring BRI will continue in person May 10 to 12 in New York City hosted by Goldman Sachs. We offer two different concurrent tracks:  

BRI core is designed to prepare highly-credentialed executives and national leaders to begin their journey to the boardroom and be best positioned to serve as a vetted talent pool for corporate board service. BRI core is targeted at new Executive Members who have not completed board-ready programming or directors who are serving on their first private board (less than 2 years). 

BRINext is the next level in programming for members interested in taking a deeper dive in corporate governance education and seeking a strategic understanding of the inner-workings of corporate boards. This program is targeted at first-time directors (less than 5 years) and Executive Members who completed core BRI programming in previous year(s) or other board-readiness programs through other sources. 

Registration is required and there is a program fee for this valuable programming. NOTE: As of this week, registration for Spring BRI core is closed - sold out. Registration for the BRINext track is still open. 

Contact BRI Manager, Lisa Hodges, at lhodges@latinocorporatedirectors.org for the registration link, fees, or questions.

Third, last month, LCDA featured contributions by LCDA member Latinas to commemorate Women’s History Month. LCDA continues to celebrate and recognize our amazing Latina members who represent a vast wealth of talent both in the boardroom and at the C-level. The fact remains, Latinas represented just 1% of Fortune 1000 company boards in 2021, and are the least represented group on these boards. Make no mistake, there is ample LATINA talent. 

We look forward to our continued work to increase Latino representation in corporate boardrooms jointly with our members and partners.

Esther Aguilera

President and CEO

Congratulations to LCDA members for their board appointments! LCDA Members continue being at the forefront of Latino board seat holders in Fortune 1000 companies and beyond.

To view recent board appointments and connect with LCDA Members >CLICK HERE

Esther Aguilera and Luis Ubiñas, recently represented LCDA at the Bloomberg Equality Summit - Accountability in Action where we spoke on the importance of Latino representation at the board and executive level.  >WATCH HERE

On Friday, April 1, 2022, a Los Angeles County judge ruled that California AB 979 violated California's constitutional equal protection clause. AB 979, enacted in Sept. 2020, requires that California headquartered public corporations include directors from underrepresented communities on their boards of directors.

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 FROM SF CHRONICLE

Congratulations to LCDA Member Cesar Conde who earned the RTDNF Leonard Zeidenberg First Amendment Award. >LEARN MORE

Congratulations to LCDA Member Liz Levy-Navarro who was named Chair of Eastside Distilling Inc. (NASDAQ:EAST) Board of Directors. >LEARN MORE

Congratulations to LCDA Member Haydee Olinger who was named chair of TransAct Technologies Inc., (NASDAQ:TACT) Board of Directors. >LEARN MORE

Congratulations to LCDA Member Paulo Pena for being named CEO to Carrols Restaurant Group (NASDAQ:TAST). >LEARN MORE

Congratulations to LCDA Member Jose Rodriguez who was named Chairman of CareMax Inc. (NASDAQ:CMAX) Board of Directors. >LEARN MORE

Congratulations to LCDA Member Geisha Williams featured on TIME Inc., as the First Latina CEO of a Fortune 500 company. >LEARN MORE

LCDA membership continues to grow as we welcome our newest experienced corporate directors. Connect via our Member Directory.

Happening Today! 

BoardWise Virtual: Update on Proposed SEC Regulation Changes

April 6, 3:00 - 4:00 pm ET

The Securities and Exchange Commission (SEC) is considering a slate of roughly 50 proposed rule changes, with a handful in the final regulatory stage that could be adopted soon. Environmental issues  are at the forefront of the proposals, with the SEC recently issuing long-awaited proposed rules that would require specific new types of climate change disclosures. 

What do board leaders need to know about these proposals and what’s coming over the horizon? Join us for a fireside chat with former SEC commissioners, followed by a deep-dive with a guest speaker and expert on the proposed climate change regulations, to learn what questions you should be asking your executives to ensure they’re ready for these changes.

Moderator

Louis Caldera*, Former Secretary of the Army; Director: Meritage Homes Corp., Granite Construction Incorporated, DallasNews Corporation

Fireside Chat

Luis Aguilar* - Former SEC Commissioner; Director: Donnelley Financial Solutions, Envestnet Inc.

Roel Campos* - Former SEC Commissioner; Director: KPMG US, Regional Management Corp.

Guest Speaker

Margaret E. Peloso - Partner, Environmental and Natural Resources, Vinson & Elkins

*LCDA Member

Announcing LCDEF 2022 Spring BoardReady Institute (BRI)

Host - Goldman Sachs

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 — interested LCDA members are encouraged to register for a track that best suits their needs. The program fees are as follows: core BRI is $1,500 (sold out) and BRINext is $500. 

For more information about the LCDEF BoardReady Institute or to register for its 2022 Spring programming, contact Ana Maria Soto at asoto@latinocorporatedirectors.org.

Our partners, Him For Her produced a study in collaboration with Crunchbase. In this study Him for Her set out to understand how high-growth private companies, specifically those disrupting established industries, are fair in terms of diversity in the boardroom. >READ MORE

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. Recently, LCDA member Nina Vaca was a part of their “Making Meaningful Change” segment which is a part of their Equity and Opportunity Forum. 

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. 

Silicon Valley Directors Exchange (SVDX)

All SDVX Events Listed Are Complimentary

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

Latinos on Boards Reception in alliance with Latino Corporate Directors Association

Hosted by Latino Leaders and Foley & Lardner LLP

Wednesday, April 20, 2022 (rescheduled from February 23, 2022) | Dallas, TX | 5:00pm - 7:00pm CT | To RSVP contact isabela@latinoleaders.com. 

National Association of Corporate Directors (NACD) Northern California Latino Directors Coffee Cohort

Hosted by NACD Northern California

Tuesday, May 24, 2022 | Virtual | 8:00am 9:00am PT | Learn More | To RSVP, email lspivey@northerncalifornia.nacdonline.org. 

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