Greetings LCDA Familia,
LCDA and its members are changing the game. 2022 was our biggest year of growth and impact. LCDA surpassed 500 members, hosted its largest convening with over 300 attendees during the 7th Annual Board Leaders Convening in New York City, and continued to elevate its media presence and influence. We are accelerating Latino board placement through three main initiatives—growing demand, growing supply, and raising awareness. Through the collective efforts of LCDA, its members, and network we have influenced Latino board placements from 2.7% in 2019 to 4.1% in 2022, as shown in the graph below. This progress was made through a comprehensive effort that included these results from 2019-2022: - Supported 600+ board search requests
- Directly supported over 400 appointments
- Facilitated 300+ candidate introductions
- Engaged over 1,600 public companies through letter campaigns
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Having built the largest, most powerful network of Latino corporate and governance leaders, our members are committed to paying it forward and playing a central role to advance the mission. LCDA members are promoting Latino candidates and referring board searches to LCDA. Plus, we have a higher probability that a Latino will land a board seat when members refer us, to help with the board opportunity. Collectively, we are influencing the candidate pool. While some progress is good, as demonstrated in the chart below, Latinos remain the least represented—behind all other gender and racial/ethnic demographics. Latinos are the least tapped group for new board appointments and have the widest gap to close. |
The business case for Latinos in the boardroom could not be stronger. In September, the Latino Donor Collaborative released their annual US Latino GDP report—revealing that from 2010 to 2020, the U.S. Latino GDP was the third fastest growing among the 10 largest GDPs. And, growing at 2.6 times that of non-Latino GDP. Furthermore, the economic output of Latinos in 2020 was $2.8 trillion, up from $2.1 trillion in 2015 and $1.7 trillion in 2010.
McKinsey & Company’s report further emphasizes significance in Latino purchasing power. “Over the past decade, Latinos have grown their household consumption to reach a cumulative $1 trillion market in 2021—a 6 percent annual growth rate over the last decade. Their household spending is higher compared to other groups at similar income levels.” Without adequate Latino representation in the C-suites and boardrooms of corporate America, companies are leaving money on the table—costing them potential billions in a missed market opportunity.
We’re eager to continue seeing LCDA’s membership and influence grow. As we continue advancing LCDA's mission to increase the number of Hispanics/Latinos on corporate boards, we know our members, sponsors, and partners are key elements to accelerate latino board placement, change perceptions, and change the narrative. |
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Esther Aguilera
President and CEO LCDA |
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LCDA Welcomes Newest Team Members
LCDA keeps growing! Join us in welcoming our newest members of the LCDA and LCDEF team, Chelsea Paniagua and Nicole Doyle: |
Nicole Doyle Executive Assistant to CEO
Nicole has extensive customer service experience, lead generation, and relationship management skills. Prior to joining LCDA, she served as Patient Access Specialist at a large regional healthcare provider and Customer Service Agent for Delta Airlines prior to that. Nicole also has real estate broker experience, having worked with Baird & Warner supporting their Spanish-speaking client base. She hails from Plano, IL. |
Chelsea Paniagua Coordinator, Social Media & Marketing
Chelsea is a driven and passionate marketing professional. She is an experienced social media content creator, with demonstrated work across various social media platforms and email marketing campaigns. Prior to joining LCDA, she served small businesses to build and grow their digital presence and community. She earned a BS in Communication, with an emphasis in Public Relations, from Brigham Young University. She hails from Bakersfield, CA.
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WHAT: 2023 Spring BoardReady Institute (BRI) Hosted by Wells Fargo and Presented by KPMG WHEN: March 29-31, 2023 Schedule: March 29 – Welcome Reception, 5:30 - 8:00 pm
March 30 – BRI Core and BRINext Programming, 8:00 am - 6:30 pm
March 31 – BRI Core and BRINext Programming, 8:00 am - 2:00 pm
WHERE: Grand Bohemian Hotel Charlotte Charlotte, NC REGISTRATION & HOTEL: Information to register for either the BRI Core or BRINext and make hotel reservations (at discount rate) will be forthcoming by the end of January. The Spring BRI is an exclusive LCDA Member and Partner program. CONTACT:
For any questions, contact Lisa Hodges at lhodges@latinocorporatedirectors.org BOARDREADY INSTITUTE:
LCDEF’s premiere BoardReady Institute (BRI) is a comprehensive set of in-person programs uniquely designed to prepare new and aspiring directors for boardroom success. The BRI programming is unmatched in the market. There is no other programming of this scope focused on accelerating the development and placement of highly credentialed Latinos into the highest levels of corporate governance. The in-person events, BRI Core and BRINext, provide board-level networking, hands-on preparation, high-quality program content, coaching, and an unparalleled personal touch in one comprehensive package. BRI Core and BRINext programming directly complement the exclusive virtual services provided to LCDA members.
We look forward to seeing you in March! |
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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MSNBC: "It's worse than people think," Monica Ramirez, founder and president of Justice for Migrant Women, an advocacy group for migrant women and their families, told NBC News.
Latina Equal Pay Day attempts to spotlight the average additional months and days Latinas have to work to be paid what a white non-Hispanic male worker makes in one year for the same kind of work. For Latinas, it takes an average of 24 months to equal what white, non-Hispanic males are paid in 12 months.
>READ MORE |
MSNBC: "Latinas are paid 54 cents for every dollar paid to white, non-Hispanic men. Here's how we can close the pay gap for good.
Latina Equal Pay Day, which falls on Dec. 8 this year, marks how far into the new year Latinas must work – almost a full year – to earn as much as their white, male co-workers. Last year, Latinas were paid 54 cents for every dollar paid to white, non-Hispanic men. So how do we begin to close the pay gap?" >READ MORE
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Al Dia News: LCDA Member Sandra Campos shares how she has navigated the corporate world as a retail CEO, and most recently has turned to entrepreneurship and advocacy.
>READ MORE |
Al Dia News: Red Bike Capital, an early-stage venture capital fund that invests in US-based founders that leverage technology to improve financial inclusion, power commerce, drive sustainability and provide better health outcomes, recently announced that it has received an equity investment from Bank of America.
Red Bike Capital is led by LCDA Member Rachel ten Brink and Herman Goihman. >READ MORE |
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Congratulations to Latina Co-Founder, Jessica Alba, and The Honest Company on naming LCDA Member, Carla Vernón, Chief Executive Officer! LCDA celebrates Carla on her rise as one of the few Latina CEOs and even fewer Afro-Latina CEOs of a US publicly traded company. >LEARN MORE
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Congratulations to LCDA Member, Fernando Araujo, who will become Chief Executive Officer of Berry Corporation (NASDAQ:BRY). >LEARN MORE |
Congratulations to LCDA Member, Anna Maria Chavez, who was named President and Chief Executive Officer of Arizona Community Foundation. >LEARN MORE |
Congratulations to LCDA Member, Daniel Lender, who was appointed Chief Financial Officer of Denodo Technologies. >READ MORE |
Congratulations to the LCDA Members and all other Latinos named on Bloomberg Línea's 2022 100 Influential Latinos list! >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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| Melissa Barra Blue Cross and Blue Shield of Minnesota; Pentair (NYSE:PNR)
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| Carlos Fierro Shell Midstream Partners (Former) (Delisted) |
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| Eric Flesch Southern Star Concrete (private) |
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| Elizabeth Castro Gulacsy National Retail Properties, Inc. (NYSE: NNN) |
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| Carlos Gutierrez Exelon Corp. (NASDAQ: EXC); Metlife, Inc. (NYSE: MET); Occidental Petroleum (NYSE: OXY) |
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| Ana Arroyo Hooker Exagen (NASDAQ: XGN) |
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| Bruno Di Leo Cummins, Inc. (NYSE:CMI) |
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| Maria Fernanda Mejia PEPCO Group NV (WSE: PCO) |
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| Henry Nahmad EVI Industries Inc (NYSE: EVI)
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| Ana Pinczuk Aptiv (NYSE: APTV); Five9, Inc. (NASDAQ: FIVN); SentinelOne, Inc. (NYSE: S)
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| Martha Poulter Dine Brands Global Inc. (NYSE: DIN) |
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| Luis Sierra Steel Dynamics (NASDAQ:STLD) |
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| Raquel Tamez DeVry University |
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LCDA is proud to support ALPFA's efforts in raising awareness of the Latina pay gap. Latinas lose out on $1.2M over the course of a lifetime due to the pay gap. Hear from some of our Most Powerful Latinas how the pay gap impacts Latina's lives and what companies can do to support Latinas in the workplace.
>READ MORE |
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Thank you to LCDA Members and Partners who made the Mid-Atlantic Mixer in Washington, D.C. a resounding success. Special thanks to Miguel Noyola of LCDA Partner, Baker McKenzie, and LCDA Member Host, Alberto G. Musalem, for hosting a wonderful event.
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Thank you to LCDA Members and Partners who made LCDA's Pacific Regional Member Mixer in Los Angeles, CA a resounding success! Special thanks to LCDA Member Tom Soto, Founder of Latimer Partners for hosting the event.
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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 |
We’re on Social Media. Follow Us for LCDA News & Updates! |
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