2022 End of Year Report: A Year of Growth 

2022 proved to be a year of tremendous growth for LCDA! We held our largest, most successful Annual Convening, hit record social and media presence, and launched a dozen Member-led regional network gatherings.

What did we achieve together? The collective efforts of LCDA, its members, and network have:  

• Influenced Latino board placements from 2.7% in 2019 to 4.1% in 2022
• Connected with 1,600+ companies 
• 46% increase in membership since 2021 
• 4x the increase in BoardReady Institute (BRI) Certified Executives 
• 300+ registrants for LCDA’s 7th Annual Board Leaders Convening

Crain's Chicago Business: Companies must look beyond the typical C-suite résumé

LCDA Member, Adela Cepeda, comments on how she opened career doors for herself and how she’s helping to make more opportunities available to Latinos. 

“If my own experience is any indication, even with a Harvard degree in economics and a University of Chicago MBA, corporate jobs were not readily available to me.

The only option was starting my own investment and consulting business practice. 

From this perch, I am doing everything I can to make sure that people are evaluated with due consideration for their true skills and not based on criteria that will exclude diverse talent. Numerous studies have made the business case for diversity, showing that companies with diversity in their boardroom perform better. And having more board diversity is one way for organizations to reach their full potential. The Latino Corporate Directors Association is dedicated to increasing representation of Hispanics and Latinos on corporate boards.

According to LDCA‘s annual report, the 2022 Latino Board Monitor, U.S. Hispanic/Latino representation on the largest company boards in the country remains lacking. Latino directors have no representation on 47% of Fortune 100 boards, while the Fortune 1000 fares worse, with 65% of companies lacking the Hispanic/Latino perspective. The report includes even more insights on Latino leaders in corporate boardrooms.” >READ MORE

USA TODAY: Corporate diversity database- A USA TODAY investigative series inside the nation’s most powerful companies

Reporters Jessica Guynn and Jayme Fraser along with fellow journalists at USA TODAY, use federal workforce reports, census data, corporate filings and other records to document the slow progress toward equal opportunity in the S&P100.

What they found?

"The top ranks are still predominantly white and male, while women and people of color are concentrated at the lowest levels with less pay, fewer perks and little opportunity for advancement." >READ MORE

USA TODAY: How diverse is corporate America? There are more Black leaders but white men still run it

"It always puzzles me why we don't have more Latinas in positions of power," Maria Martinez said. "Clearly it has to do with the fact that we don’t spend a lot of time making sure that we support their growth."

The gap was widest for Hispanic women and Latinas of any gender or racial group reviewed by USA TODAY. They comprised just 0.4% of named executive officers and were underrepresented by eighteenfold when compared with their share of the workforce.  >READ MORE

Punchbowl News: Fed Needs Latinos on Boards

“I’ve spoken to the White House about all those things – diversity of thought, diversity of candidates,” [Sherrod] Brown said, adding: “There’s never been a Latino on the Fed board.” >READ MORE

Click here to unsubscribe. | Click here to forward
View this email as a web page
Message sent by Latino Corporate Directors Association, cpaniagua@latinocorporatedirectors.org
Latino Corporate Directors Association | 1032 15th Street, NW | #1377 | Washington, DC 20005-1503