Dear LCDA Community,
This year marks a momentous occasion as we celebrate the 10-year anniversary of LCDA. We are eagerly looking forward to gathering our esteemed members, partners, and allies at the 8th Annual Board Leaders Convening in Plano, TX, to commemorate LCDA's achievements. I am incredibly proud of the work we have accomplished - uniting highly accomplished Latino executives, driving transformative initiatives, and nurturing the next wave of Latino directors. Our ability to be transformative is due to an incredibly committed team – Carmen, Pilar, Wendy, Monique, Juan, Elizabeth, Tracy Michelle, Luis, Lisa, Dante, Larell, Justin, Nicole, Bianca, and Chelsea.
Over the past decade, LCDA has flourished, with our membership exceeding 500 and our influence extending to board placements for Latinos in Fortune 500 companies, surpassing 4% in board seat representation. While this progress is a testament to our dedication, we must remain vigilant. The recent Missing Pieces report by the Alliance for Board Diversity unveiled concerning data regarding the projected representation of Latinos in Fortune 500 companies:
- Despite constituting nearly 20% of the population, Latinos face slow and uneven progress in board representation.
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Currently, at 4.7%, Latinos are the least represented among all racial and ethnic groups, and this trend is predicted to persist until 2060, reaching only 9.2%. In contrast, African American/Black projection stands at 25.5%, and Asian/Pacific Islander projection at 14.7%.
These figures speak volumes, highlighting the financial risks companies bear when they lack the valuable Latino perspective.
LCDA, in collaboration with its affiliated foundation, the Latino Corporate Directors Education Foundation (LCDEF), is committed to being a part of the solution. Through the BoardReady Institute (BRI), we are expediting the preparation, development, and placement of highly accomplished Latinos in top-level corporate governance. This year alone, our foundation, with generous support from Wells Fargo and KPMG US, has board certified 50+ leaders and counting.
Additionally, LCDA's Talent Services is playing a crucial role in bridging network gaps, influencing the candidate pool, and elevating Latino talent poised for the boardroom. Join us as we celebrate a decade of empowering the voices of Latino leaders on boards across America.
¡Muchísimas gracias por su apoyo y hasta pronto! |
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Ozzie Gromada Meza Acting President and CEO |
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Congratulations to LCDA Members on their recent board appointments! LCDA members continue to be at the forefront of Latino board seat holders in Fortune 1000 companies. >LEARN MORE
LCDA’s Talent Services plays a pivotal role in bridging the network gap, influencing the candidate pool, and elevating Latino talent primed for the boardroom. Learn how LCDA can support your search needs. |
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Latino Leaders Magazine: Check out LCDA Acting President and CEO, Ozzie Gromada Meza's feature where he discusses LCDA's continual impact on Latino board representation.
"As the preeminent organization of US Latina and Latino corporate directors and a trusted source for US corporations and search firms seeking board talent, LCDA believes a diverse board isn't just about fulfilling social quotas, but about creating a diverse think engine for companies."
>READ MORE |
Hispanic Executive: LCDA Acting President and CEO, Ozzie Gromada Meza, sat down with Hispanic Executive to discuss Breaking Barriers and Building Inclusion for Latinos during Pride Month and beyond. >READ MORE
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Latino Leaders Magazine: Check out LCDA Member, Ralph De La Vega's, feature where he discusses how population growth, innovation, education, infrastructure, and economic policies play crucial roles in economic development. >READ MORE
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Latino Leaders Magazine: Check out LCDA Member, Victor Arias's, feature where he discusses preparing for boardroom service. Read his tips in the May/June Latino Leaders issue. >READ MORE
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Latino Leaders Magazine: Check out LCDA Member, Cynthia Comparin's, feature where she discusses navigating board directorship. Read her tips in the May/June Latino Leaders issue. >READ MORE
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Latino Leaders Magazine: Check out LCDA Member, Lisa Rojas Bacus's, Q&A feature where she shares some of her experiences as a board director. Read her tips in the May/June Latino Leaders issue. >READ MORE
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Latino Leaders Magazine: Check out LCDA Member, F. Daniel Sicilano's, feature where he discusses his experience as a board director and how he's impacting the next generation of Latino Leaders. >READ MORE
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Latino Leaders Magazine: Check out LCDA Member, Claudia Romo Edelman's, feature where she discusses how Latinos are driving prosperity, power, and progress in America. >READ MORE
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The CEO Forum Group: LCDA Member, Alberto (Beto) Casellas, shares his passion for making healthcare more financially approachable for all. Shaped by experiences as a Puerto Rican native, Beto brings a unique perspective to the table in how he involves all employees to have a voice at Synchrony—which in turn allows the company to better serve its customers. >READ MORE
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LA Weekly: LCDA Member, Rodrigo Garcia, "has consistently proven his agility in adapting strategies and operations to meet evolving demands, whether it be disruptive technological advancements, shifting market dynamics, or industry disruptions. His strategic vision enables businesses to identify problems and seize opportunities for changes, while his adaptability ensures they can navigate through uncertainty and challenges with resilience." >READ MORE
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2023 LCDA Corporate Visionary Nominations - Now Open
We are excited to announce 2023 LCDA Corporate Visionary Awards nominations are now open! Recognize and honor visionary companies advancing Latino inclusion on their corporate boards. Join us in celebrating excellence!
Full nominations are due by August 23. To be considered for the award, companies must have a minimum of two (2) board members who identify as Hispanic/Latino.
>Visit LCDA’s website to review the nomination guidelines and view the full list of previous awardees.
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The 8th Annual Board Leaders Convening is the largest gathering of Latino business leaders at the pinnacle of corporate leadership and governance. Our Annual Convening brings together board-proven and board-aspiring members, CEOs, diversity allies, and corporate partners – including Fortune 1000 companies, private equity, and search firms. This year's conference will take place November 1-3, 2023, in Plano, Texas (Dallas Region), hosted by Toyota Motor North America, Inc., and presented by KPMG US.
LCDA's Annual Convening is an invitation-only event for intimate peer learning and networking. The agenda will feature dynamic panels, peer exchanges, trending corporate governance discussions presented by some of the national's leading business leaders, and our annual Corporate Visionary Awards reception and dinner. |
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Thank you to KPMG US and faculty for supporting the Latino Corporate Directors Education Foundation’s (LCDEF) premiere BoardReady Institute (BRI). Over 80 current directors, partners, and aspiring directors participated in our BRI’s two program tracks—the BRI Core and BRINext.
The BRI curriculum takes a comprehensive approach to educate, prepare, and position executives for boardroom success.
>See list of New Certified BRI LCDA Members |
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LCDA is proud to have Kirkland & Ellis as new national sponsors, helping advance our mission to develop, support and increase the number of US Latinos on corporate boards.
The firm recently hosted a regional members meeting in their downtown Los Angeles office, where partners Sofia Martos and Luke Guerra presented on board oversight of ESG and recent developments in the field. Thank you to Kirkland & Ellis and Toyota VP of Social Innovation, Peggy Turner, for putting together this impactful event.
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In June, hundreds of corporate governance experts came together for KPMG's Board Leadership Conference to discuss topics impacting the boardroom. Attendees included LCDA Members along with LCDA Acting President and CEO, Ozzie Gromada Meza.
Thank you to LCDA's Founding Diamond Partner, KPMG US, for their continued support in creating opportunities to elevate dialogue on corporate board governance. |
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As part of the 2023 HACR - Hispanic Association on Corporate Responsibility Executive Programs in San Francisco this week—LCDA Members Michael Montelongo, President & CEO of GRC Advisory Services, LLC; Elizabeth Oliver-Farrow, Board Chair of Latino Corporate Directors Association (LCDA), and the Honorable Gaddi H. Vasquez, U.S. Ambassador, shared their own journeys, how they distinguished themselves, and how they encouraged diversity and participation on their boards.
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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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