Greetings LCDA Familia,
There is ample Latino talent for the boardroom, as demonstrated by our growing membership. LCDA Membership doubled over the last three years! LCDA recently welcomed its largest cohort of 80+ members. Executive Members and the BoardReady Institute (BRI) are our vehicles for preparing and positioning Latino talent for the boardroom.
To keep pace with demand, starting this year, we are offering two BRI sessions. This May, in New York City, we proudly launched our first Spring BRI programming, in partnership with Goldman Sachs, featuring a fireside chat with Goldman Sachs Chairman and CEO, David M. Solomon, and Chief Diversity Officer, Managing Director, Megan Hogan.
Edelman hosted our Welcome Reception Mixer where LCDA Board Chair, Elizabeth Oliver-Farrow, and Edelman Managing Partner & CEO and Financial Communications, Lex Suvanto, welcomed LCDA members as they arrived in NYC for Spring BRI.
Over the course of two days, highly credentialed BRI participants took part in comprehensive board readiness programming, further preparing them for boardroom excellence. We heard from over 20 seasoned Latino directors, thought leaders in corporate governance, and board placement influencers.
Some of our featured speakers included:
Nicole Agnew, Head of Consumer Private Equity Investing, Partner, Goldman Sachs
Victor Arias, Managing Director, Diversified Search Group
Bernhard Scholl, Partner - Head of Chemical Practice / Managing Partner Miami, Egon Zehnder
James Socas, Managing Director, Blackstone
Lyndon Taylor, Regional Managing Partner, North American CEO & Board Practice, Heidrick & Struggles
Ilana Wolfe, Head of Corporate Board Engagement, Goldman Sachs
Sam Wolf, Executive Vice President, Corporate Reputation, Edelman
On behalf of the entire LCDEF and LCDA teams, thank you to our Spring BRI Host, Goldman Sachs, attendees, and speakers, who made Spring BRI a resounding success!
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As June ends, LCDA proudly celebrates Pride Month and recognizes the contributions and achievements of the LGBTQ+ community in the corporate governance space and beyond!
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Esther Aguilera
President and CEO LCDA
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Coming up next:
Latino Leaders | Board Directors Forum
Thursday, July 14th
12 PM -6 PM
In-Person, Dallas, Texas
The most relevant gathering of Board Directors, Candidates for Board Service, Search Firms and Nomination & Governance Committee Chairs and CEO’s to meet and discuss how to enhance board service opportunities. Featuring LCDA Member, Nina Vaca.
In Case You Missed It:
Boardwise Virtual — Update on the State of Latino Board Representation
Recent reports from LCDA and KPMG revealed that, as of June 30, 2021, Latinos make up 3.7% of Fortune 1000 board seats, a .5% increase since 2020, one of the largest seen since LCDA started tracking Latinos on the F1000. Progress is happening but it is slow and, at this growth rate, it will take more than 30 more years for Latinos to achieve F1000 board representation equal to their current national population size. WATCH THIS SESSION
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Congratulations to LCDA Members for their board appointments! LCDA members continue to be 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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Elizabeth Bille, Director, Demand & Advocacy, Spring, TX
Elizabeth is an experienced leader in government affairs and civic engagement with a demonstrated history of working in the health wellness and advocacy industry. She is skilled in nonprofit capacity building, language access, advocacy, civic engagement, government affairs and public policy. Elizabeth previously served as Texas Director of Civic Engagement at NALEO Educational Fund and prior to that, as Director of Government Affairs at AltaMed Health Services in Los Angeles. She’s a seasoned nonprofit executive with over 18+ years of management experience.
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Justin Bradley Reyes, Manager, Member Engagement, Kansas City, MO
Justin is an allocentric association management professional with years of experience within trade associations and over 200 public speaking engagements. He most recently served as the President of The Young Latino Professionals of Kansas City and prior to that, as Director of Business Development for the ABC Heart of America association. He has been a member and volunteer of nonprofit organizations and associations for over 17+ years, helping to increase engagement and diversity.
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Kathy Jurado Munoz, VP Demand and Advocacy LCDA
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Helping LCDA grow and move the needle on Latino board placements is Vice President of Demand & Advocacy, Kathy Jurado Munoz. Kathy joined LCDA at a pivotal time in its growth. Since then, she has been instrumental in building the foundation for our demand strategy, advocating for change in California, and launching the Latino Voices for Boardroom Equity coalition. As she leaves LCDA to retire and start another chapter of her life with her family, we know that her contributions will live on and thrive as we build on the impact she leaves behind. LCDA is grateful to Kathy and knows that it’s now goodbye, but thank you and adelante together!
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We're honored to partner with Out Leadership during Pride month and beyond. Last year, we conducted extensive research into the state of minority representation and what can be done to move the needle toward more inclusive Boards.
Here's what we found:
- By any measure, Latinos are the least represented racial and ethnic group in the nation’s boardrooms
- Similarly, over a five year period, openly LGBTQ+ representation on Boards only increased from 10 to 25, (Source: Visibility Counts: The LGBTQ+ Board Opportunity) representing an alarmingly low 0.2% of all Board seats. Compare this to the latest Gallup poll that estimates that 5.6% of Americans identify as LGBTQ+
Hear from Esther Aguilera, CEO, Latino Corporate Directors Association (LCDA) and Todd Sears, Founder & CEO of Out Leadership, with research from Quorum, Out Leadership’s LGBTQ+ Board Leadership initiative, on the four of the most damaging myths on minority Board representation. >READ MORE
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Congratulations to LCDA Member Mariano Lozano who was named Executive Vice President and President, Latin America at Mondelēz International Inc. (NASDAQ:MDLZ). >READ MORE
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Congratulations to LCDA Member Eduardo Martinez on his recognition as a 2022 Ellis Island Medal of Honor Recipient. >LEARN MORE
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LCDA membership continues to grow as we welcome our newest experienced corporate directors. Connect via our Member Directory.
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Maria C. Alonso
US Century Bank (NASDAQ:USCB)
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Jorge Pereda
Integrated Home Care Services and Clinical Medical Services
Armando Pimentel – NextEra Energy Partners (former)
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Pedro Ramos
AmeriGas Partners (De-listed); FS KKR Capital Corp (NYSE:FSK)(former)
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LCDA is proud to partner with Latino Leaders Magazine in hosting its first Latino Board Directors Forum. Participating in this forum will be Esther Aguilera, to discuss how to enhance board service opportunities.
This is an invitation only event. If you or someone you know is currently serving on a corporate board, or is a corporate board candidate and would like to attend, please email: isabela@latinoleaders.com.
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Wharton Aresty of Institute of Executive Education will be offering LIVE online programming on Corporate Governance: Essentials for a New Business Era.
"Participants will explore how to present themselves as candidates for boards against the backdrop of social and legislative efforts to make boards more ethnically diverse and gender inclusive. You will also learn about the functional capabilities that are valued on boards, including strategy, technology, human resources, sustainability, and international experience. You will acquire strategies for marketing yourself to recruiters and come to recognize the value you can bring to a boardroom setting." LEARN 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, 1032 15th St NW #1377, Washington, DC 20005
202-430-6954 | www.latinocorporatedirectors.org
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