Greetings LCDA Familia,
Looking ahead in 2023, LCDA remains vigilant in our focus to accelerate Latino board placements. 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. Still, 4% is not enough and is unacceptable.
Here is our plan. We are building on our position of prominence to expand membership networking and grow our impact with proven strategies to inform and engage company boards. To achieve our robust impact goals, we are expanding staff and capacity.
First, we are expanding member-led regional events and member engagement. Our pioneering work is about shifting perceptions and capitalizing on the roles of LCDA and its members to change the game. Through a combination of in-person and virtual gatherings, our members are connecting with one another to promote each other and refer board searches to LCDA. When an LCDA member refers us to a board opportunity, connecting us with that company, our likelihood of placement is stronger.
Second, LCDA is informing and engaging board influencers. LCDA leads as a trusted partner to decision makers, including corporate boards, search firms, private equity, and institutional investors, to source Hispanic/Latino board candidates. We've found that when we work directly with the company boards, we have a better success rate for placement of Latino candidates. In 2023, we are reaching public companies by industry sectors with fact-based research and access to talent.
Third, LCDA is building on our prominence and impact by directly influencing the candidate pool and board placement. -
Over the past three years, we met with 170 company boards. Plus, we directly supported 600+ board search requests in that period.
- We facilitated over 400 candidate introductions. This resulted in 220 successful public and private company placements supported by LCDA.
Collectively, we are changing the game. As we continue accelerating LCDA's mission to increase the number of Hispanics/Latinos on corporate boards, we thank our members, sponsors, and partners for playing a vital role, changing perceptions, and changing the narrative. |
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Esther Aguilera
President and CEO LCDA |
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LCDA celebrates our Afro-Latino members during Black History Month and beyond!
We are proud to highlight the vast wealth of Afro-Latino talent both in the boardroom and at the C-level. As Latino impact and power grows each year, we are honored to recognize these trailblazing members and the vital role they play in forging the path for future generations. |
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As of September 2022, for all US publicly traded company shareholder meetings, new rules require the use of a universal proxy card, listing all candidates properly nominated by the company or a shareholder. What does this mean for boards who can no longer use the "our card vs their card" approach and for activists who can now place their candidates on a single card for voting? Join our expert panel for this interactive session, sponsored by JPMorgan Chase & Co, to get your questions answered about these new proxies and the impact it will have on board elections.
Esther Aguilera, President & CEO, LCDA
Moderator: Rebecca Thornton, Managing Director and Head, Director Advisory Services, J.P. Morgan Panelists:
Benjamin Colton, Global Head of the Asset Stewardship Team at State Street Global Advisors (SSGA)
David Freedman, Vice Chairman, Global Head of Shareholder Engagement and M&A Capital Markets, J.P. Morgan
Eduardo Gallardo, Partner, Global Co-Chair of Mergers & Acquisitions, Paul Hastings
This event is exclusive to LCDA members and invited partners. Members can register by logging into their member portal or via emails about the event.
Contact Wendy Sturley, Associate Vice President, Engagement and Events, with any questions: wsturley@latinocorporatedirectors.org. |
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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 a discounted rate) is available through the registration link recently emailed or by logging into their member portal and following the provided link there. 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. |
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La Política Online US: LCDA CEO, Esther Aguilera, dispels myths and talks about barriers Latinos must overcome to earn a seat in the boardroom.
"The companies that don't have Latinos [on their boards] are losing relevance with their largest customers." >READ MORE
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Crain’s Chicago Business: LCDA member, Adela Cepeda, speaks on her journey to the boardroom, and how even with a Harvard degree in economics and a University of Chicago MBA, corporate jobs were not readily available [to her].
Plus she adds, "having more board diversity is one way for organizations to reach their full potential. The Latino Corporate Directors Association (LCDA) is dedicated to increasing representation of Hispanics and Latinos on corporate boards." >READ MORE
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Reuters: Still, most minority groups hold a smaller share of board seats than their share of the total U.S. population. That is especially true for directors of Hispanic or Latino origin, who hold 3.6% of board seats but account for 18.9% of the U.S. population, according to U.S. census figures.
LCDA Member, Marta Ronquillo Newhart, a Mexican-American and former brand chief of Westinghouse Electric Company who is active in the Latino Corporate Directors Association, said the figures show companies should work harder to attract more diverse directors who can help them serve broad customer bases.
"Compared to Hispanics' total share of the U.S. population, their 3.6% share of board seats "isn't anywhere near where it's supposed to be," she said. >READ MORE |
Forbes: As a multicultural marketing expert and CEO of Alma— LCDA Member, Isaac Mizrahi, was asked about his opinion on the lack of representation of multicultural consumers, mainly Hispanics, in this year's roster of brands that invested in the Super Bowl.
"I hope that by the time the next Super Bowl, advertisers that target diverse segments will move beyond casting and language (like a "strategically" placed hola inside an ad) and fully embrace culturally driven stories as the foundation of their creative strategies." >READ MORE |
USA TODAY: "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 |
USA TODAY: 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 |
Punchbowl News: “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 |
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Congratulations to LCDA member, David Olivencia, on being named CEO of Angeles Investors. >LEARN MORE |
Congratulations to LCDA Member, Luis Ubiñas, for being nominated to the Harvard University Board of Overseers. >LEARN MORE |
Congratulations to LCDA Member, Lili Gil Valletta, on being named one of D Magazine's Dallas 500 which features profiles of the most influential leaders in Dallas-Fort Worth across different industry categories. >LEARN MORE |
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On January 26, LCDEF produced its first BRIPipeline Fireside Chat of the year with LCDA Latino Leaders, hosted by partner Ameriprise Financial Services, LLC, where Latino Directors shared their journey to the boardroom with Ameriprise Financial's early to mid-career professionals aspiring to advance their career and leadership opportunities.
A big shout out and thank you to our outstanding LCDA members, Ana Dutra, Michael Montelongo, and Anne Alonzo who provided great insights and morsels of wisdom. Special thanks to Host Ameriprise Financial Services, LLC, for sponsoring this session and to our liaison Rudy Rodriguez, VP Diversity, Equity and Inclusion for participating and giving us the opportunity to bring this session to their Hispanic/Latino ERG talent. >LEARN MORE
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On March 8, 2023, LCDA CEO, Esther Aguilera, and LCDA VP Member and Talent Services, Ozzie Gromada Meza, will be speaking at the Women Business Collaborative International Women’s Day Program. Joining them will also be LCDA Members, Ana Dutra and Marta Ronquillo Newhart.
Join experts and high-level leaders as the WBC highlights meaningful conversations around women with a focus on business and entrepreneurship. >Register Here |
At NAHREP Homeownership & Wealth Building Conference on March 13-15, LCDA CEO, Esther Aguilera, will join Tanya Reu-Narvaez, Teresa Palacios-Smith, and Baron Silverstein in a conversation among senior executives and advocates on the power of diversity in senior management. Latinos represent 19% of the population and $2.8 trillion of the U.S. GDP. Some companies are capturing greater market share in part because they have Latinos in key leadership positions. >Register Here
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At CNBC's Equity and Opportunity Forum on April 4, LCDA CEO, Esther Aguilera, will join Thasunda Brown Duckett, Michael Hyter, and Rick C. Wade in addressing how the gaps from retirement savings to healthcare costs to diversity in corporate executive ranks for working Americans continues to break along racial and ethnic lines. Can it be fixed?
Join virtually and hear from the experts who will share the steps we can take to create a more sound economic future for all. >RSVP Here
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Latino Leaders Magazine recently held the 2023 C-Suite & Board Directors Forum in Boston, to explore and discuss how to improve opportunities and advancement for Latinos on Boards and Executive Leadership. LCDA CEO, Esther Aguilera, and LCDA Members, Sandra Campos, Louis Caldera, and Milena Alberti-Perez, participated in a panel where they shared their insights and experiences about the path to board directorship. |
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LCDA Welcomes Newest Team Members LCDA keeps growing! Join us in welcoming our newest member of the LCDA and LCDEF team, Luis Barragán Robles: |
Luis Barragán Robles Coordinator of Talent Services
Luis is a proven professional in talent acquisition and executive assistance. He has an organized and skillful approach to finding talent and is adept at discovering clever ways to attract attention. Following his graduation from the University of Texas Rio Grande Valley with a master’s degree in accounting, he became an Associate Professional in Human Resources, certified by the HR Certification Institute. Luis has worked with both a Series A start-up and well-established companies, but his passion lies in connecting talent with meaningful opportunities and ensuring continued success. He looks forward to contributing to LCDA's growth.
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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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