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May 2020
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Greetings LCDA Familia,
We are pleased to share our plans for LCDA's Pivot & Impact in a Time of Crisis and Recovery. With so many factors related to the pandemic still unknown, we are navigating this new normal and turning our focus to recovery by providing exceptional virtual programming, and investing in our digital and research capacity.
For LCDA and TPG, the health and safety of our members, colleagues, and staff drove our decision to postpone this year's in-person Convening. For the 2021 LCDA Board Leaders Convening, TPG will host us in San Francisco with a target date in October.
This year, we are re-launching our annual event as the 2020 LCDA Board Leaders Convening Reimagined - Leading in a Time of Crisis and Recovery, with virtual sessions between June and October. Board leadership is put to the test in this time of tremendous uncertainty and high-stakes realignment. This unprecedented pandemic has exacerbated the need for companies to reinvent business models and accelerated the pace of tech and virtual adoption, while keeping the health and well-being of the employee, customer, and community top-of-mind. Virtual attendees can look forward to quality, engaging, high-caliber programming, featuring board-level speakers for purpose-driven conversations related to our theme. Stay tuned for further details on the 2020 LCDA Board Leaders Convening Reimagined.
Second, as part of the BoardReady Institute (BRI), we've enhanced the program's curriculum to deliver monthly specialized, virtual sessions with subject matter experts and industry leaders focused on preparing and positioning aspiring directors for boardroom excellence. Click here for the upcoming BRI webinar exclusive to LCDA Executive Members.
Third, LCDA has partnered with McKinsey & Company to promote original industry research focused on the impact of the pandemic on the lives and livelihood of US Latinos. As with past economic crises and affirmed by recent reports, Latinos are once again projected to bear the brunt of coronavirus. Why is this important? The road to recovery leads through the US Latino population, an engine of consumer spending and workforce growth. We will share findings via virtual sessions with a community of business leaders and allies. More information to follow.
Fourth, today, we are proud to launch COVID-19: ESG Game Changers, a feature page on our website with online resources for directors and our broader business community. The page will visually catalogue innovative responses by corporations to mitigate the health, social, business and economic impact of the pandemic. Tailored Environmental, Social, and Governance (ESG) and corporate, social responsibility actions that respond to the uncertain and evolving conditions caused by the pandemic are essential to promote good governance, social impact, and good will.
As we continue to scale-up with these groundbreaking initiatives, there is no time to slow down. Together, we will advance in overcoming this battle. We remain committed to our plan to drive forward on the progress already made and emerge stronger and better equipped, tomorrow.
Esther Aguilera
President and CEO
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According to Fortune 1000 board data collected from the LCDA Board Tracker, of the 66 companies in the Health Care Sector, 79 percent still lack Latino/a board representation with 10 companies having 1 Latino/a Board Directors, 2 companies having 2 Latino/a Board Directors, 1 company having 5 Latino/a Board Directors, 1 company having 6 Latino/a Board Directors.
The LCDEF BoardSmart Online webinars provide quality, online educational programming and thought leadership for our members. LCDA members have access to key resources to elevate their brand and opportunities to serve on a variety of board types.
The webinar series Avenues for Board Service track offers insights by top leaders in the field and tips for how to position yourself for a wide variety of board opportunities. Hosted by LCDA CEO, Esther Aguilera, these sessions help you explore and navigate your options for serving on the boards of mutual funds, Federal Reserve or Federal Home Loan Banks, private equity-backed companies, and more. These sessions will be recorded and cataloged in the LCDA Member Portal resources.
Here is an overview of webinars and distinguished speakers:
Serving on the Board of a Federal Reserve Bank with panelists Mary Daly, President & CEO of the Federal Reserve Bank of San Francisco; Joe Quiroga, Board Member, Federal Reserve Bank of Dallas and President of the Texas National Bank in Edinburg, TX; and LCDA Member, Michael Garcia, Board Member, Charlotte Branch of the Federal Reserve Bank of Richmond. [Held 5/20/20]
Serving on the Board of a Federal Home Loan Bank, with panelists, John K. Reinke, Chair, Federal Home Loan Bank of Chicago; Dan Siciliano, Chair, Federal Home Loan Bank of San Francisco; and LCDA Member, John von Seggern, President & CEO, Council of Federal Home Loan Bank. [Held 4/7/20]
Serving on a Mutual Fund Board, with panelists Adela Cepeda, Board Member of Angeles Investors and LCDA Member, and Susan Wyderko, President & CEO, Mutual Fund Directors Forum. [Held 5/25/19]
UP NEXT: Serving on a Private Equity-Backed Company Board [Stay tuned, date TBA]
Congratulations to LCDA Member, Cesar Conde, on his promotion to lead the newly formed NBCUniversal News Group.
Congratulations to LCDA Member, Michael Montelongo, on his Conduent Inc (CNDT) appointment to its Board of Directors.
Congratulations to LCDA Member, R. Martin Chavez, on his Recursion appointment to its Board of Directors.
Congratulations to LCDA Member, Dr. Ellen Ochoa, on her appointment to Chair of the National Science Board.
Congratulations to LCDA Member, Carlos Alonso-Marum, on his appointment as Chairman to Luxembourg-based Direct Healthcare Group.
Congratulations to LCDA Member, Pedro DeJesus, on his promotion to Executive Vice President, Head of International Business & General Counsel Tampico Beverages
Hats off to LCDA Member, Darren Rebelez, on being named Convenience Store News' 2020 Retailer Executive of the Year.
Cheers to LCDA Member, Dr. Ellen Ochoa, on being featured in the latest issue of Vision Magazine.
Cheers to LCDA Member, Juan Verde, on his feature in La Razon.
Cheers to LCDA Member, Emma Rodriguez-Ayala, on being featured in Crain's Chicago Business.
Good Read: LCDA Member, Amb. Antonio Garza : "U.S./ Mexico: Reeling, but moving to reopen."
Good Read: LCDA Member, Javier Saade: "Inertia, The Biggest Obstacle to Widely Shared Prosperity." Univision
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Good Read: LCDA Member, Javier Saade: "During COVID-19, Leadership Is More Important Than Ever." Hispanic Executive
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LCDA with partner KPMG LLP hosted the spring Building a Diverse Board webcast on Thursday, May 14.
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In partnership with our partner, McKinsey & Company, the Latino Corporate Directors Association (LCDA), co-hosted the 2020 Hispanic & Latino Economic Forum (HLEF). Our inaugural forum in 2019 was highly successful and included strong LCDA member engagement and attendance. In 2020, given current circumstances, HLEF will go virtual and hold a series of webinar discussions that build on one another. The first webinar is based on their April COVID-19 and jobs research and will also include additional nuggets on its impact and consequences for Latino families' health, income, and wealth.
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NEW VIDEO SERIES: LCDA and Egon Zehnder Partner to Highlight Top Latino leaders
In an effort to showcase top Latina and Latino talent in the US, LCDA, in partnership with Egon Zehnder, interviewed nine exceptional board directors. In this video series, they share their paths to success, lessons they learned along the way, and advice for future Latino leaders.
We invite Members to be featured! Once things return to normal, the video series will be traveling to a few cities to schedule future interviews. In the meantime, we invite you to share these stories and your own on social media using the hashtag #TheLatinoImpact. Visit Egon Zehnder's microsite to view the video highlights.
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LCDA Partner, Hispanic Executive, offers 20% off of their magazine subscription as a benefit to LCDA members. Please use the following discount code to subscribe: LCDA2019.
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LCDA Partner, Boardspan, offers free subscription to their Director's Domain, your weekly news on all things board. Be sure to also check out their governance education trainings for boards of directors.
For insightful news and information along with valuable tools and resources, visit the Covid-19 Board Resources and Covid-19: ESG Game Changers pages on our website.
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We are proud to share these tips from our partner, Toyota Latino, as they continue to lead through these challenging times.
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Learn more about this initiative from our partner, Toyota Latino. Toyota/Lexus Minority Owners Dealership Association to Sponsor National COVID-19 Day of Service on May 22.
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We are proud to share the SAFE Retail toolkit as a resource from our partner, Target, as they continue to lead through these challenging times.
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May
WBC Roundtable: CEOs Leading in a Time of Crisis on May 19th at 11am ET - Register here
June
Equilar Webinar: Board Composition: Strategic Navigation Through the COVID-19 Crisis on June 2nd at 1:00pm ET - Register here
WBC Roundtable: CIOs Leading in a time of crisis on June 4th at 11am ET - Register Here
Latinas & Power Symposium (LPS): Event will feature a combination of keynote talks, interactive discussions, and a Latina Power Panel discussing "Latinas Defying Odds" on June 12th at 10am ET - Register here
WBC Roundtable: CEOs Leading in a time of crisis on June 18th at 11am ET - Register here
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Latino Corporate Directors Association | 1032 15th Street, NW | #1377 | Washington, DC 20005-1503
