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July 2020
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Greetings LCDA Familia,
This week we released our review of 662 publicly-traded California headquartered companies, identifying 233 companies with all white board of directors.
In March 2020, LCDA announced its analysis of women appointed to boards following the enactment of SB 826, finding that the largest number of appointments, 77.9%, went to white women, followed by 11.5% to Asian women, 5.3% to African American women, and the lowest number, 3.3%, went to US Latinas. Alarmed at the lack of Latina appointments in a state where the Latino population is 39.4%, LCDA conducted further analysis of the ethnic and racial composition of all California public company boards.
LCDA’s new review of all 662 California companies registered on the NYSE, NASDAQ, and AMEX concluded that 35%, or 233 companies, have all white boards of directors. LCDA further concludes that SB 826, the California Gender Diversity Law, perpetuates the status quo of majority white board of directors.
>View the Press Release HERE.
Esther Aguilera
President and CEO
Diverse Corporate Directors Coalition: A Conversation Among Allies to Address Systemic Racism and Inequities
When: Thursday, August 6 — 4:45 - 6:00 PM ET
Attendees: LCDA Members and Extended Network
The Diverse Corporate Directors Coalition (DCDC) seeks to increase awareness among key board members and influencers of the business value of board diversity that is inclusive of gender, race, ethnicity, and sexual orientation. Join us for a conversation to discuss concrete, bold actions by directors to address issues of systemic racism, social inequities, and advancing representation on corporate boards.
Moderator: Hon. Ken Salazar,* Partner & Co-Chair, Energy, Environment and Natural Resources Practice, WilmerHale and Fmr U.S. Senator-Colorado; Director, Mayo Clinic; Target Corporation (confirmed)
Special Remarks: Charlotte Laurent-Ottomane, Executive Director, Thirty Percent Coalition
Panelists:
John W. Rogers, Jr., Chairman, Co-CEO & Chief Investment Officer, Ariel Investments
Janet S. Wong, CPA, National Executive Advisor, Ascend Pinnacle; Director, Enviva Partners and Allegiance Bancshares
Matt Fust, Senior Advisor, Quorum – LGBT+ Directors; Director, Ultragenyx Pharmaceutical Inc., Atara Biotherapeutics, Crinetics Pharmaceuticals and BlackThorn Therapeutics (tentative)
WomenCorporateDirectors (WCD) (pending)
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Energy on The Front Lines: Powering the Grid and Essential Services During a Pandemic
When: Wednesday, August 12 — 1:50 - 3:00 PM ET
Audience: Partnership with NACD; LCDA Members and Extended Network
Format: Fireside Chat
Energy and core infrastructure services are on the front lines of our nation’s security issues. Protecting the grid while continuing to innovate and invest on renewable energy
Moderator: Grace D. Lieblein,* Fmr VP-Global Quality & Supply Chain/General Manager-Brazil & Mexico, General Motors Company; Director, American Tower Corporation, Honeywell International Inc., and Southwest Airlines Co.
Speakers:
Pedro J. Pizarro,* President & CEO, Edison International
Christopher M. Crane, President & CEO, Exelon Corporation
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Be on the lookout for upcoming virtual sessions that will feature top business leaders such as Cesar Conde,* Chairman of NBCUniversal News Group, NBCUniversal Media LLC; Director, PepsiCo and Walmart and Gregory Adams, Chairman & CEO of Kaiser Permanente, speaking on topics such as leading through crises and technology, the new game changer. Visit our website for more information.
Congratulations to LCDA Member, Graciela I. Monteagudo, on her appointment to the WD-40 Company (NASDAQ:WDFC) board of directors.
Congratulations to R. Martin Chavez who will be joining Banco Santander, S.A. (NYSE: SAN) board of directors.
Congratulations to LCDA Member, Ralph de la Vega, on his Tethr appointment to the Advisory Board.
Good Read: Carmen Ortiz-McGhee, Once You've Heard the Truth, Change Must Happen.
Good Read: Fund Directions: Profiles in Board Diversity featuring LCDA Members, Adela Cepeda, Liz Levy-Navarro, and Luis Ubinas.
Ricardo Alvarez, PhD President & CEO, Richelieu Foods
Board: Richelieu Foods, Phelps Pet Products
Mario Carrera
Former Chief Revenue Officer, Entravision Communications
Board: SCL Health Systems
Anthony Castellanos Partner, KPMG LLP
Board: KPMG LLP
Dr. Grace Colon
President & CEO, InCarda Therapeutics
Board: CareDx, Inc (NasdaqGM:CDNA)
Cesar Estrada
Senior Managing Director- Alternative Investment Solutions, State Street
Board: State Street Fund Services Inc. subsidiary of State Street Corporation (NYSE: STT)
Jorge Gomez
Chief Financial Officer, Dentsply Sirona (NASDAQ: XRAY)
Board: Xylem Inc. (NYSE: XYL)
Rebecca Martinez O'Mara
Vice President & Corporate Director, GRUNDFOSBoards: Grundfos Pumps Corp.; Grundfos US Holding Corp.
Vanessa Pegueros Chief Trust and Security Officer, OneLogin Inc.
Boards: Boeing Employee Credit Union - Cooperative, Vouched.ID, Carbon Black (delisted - former)
Felicia Thornton
Vice Chm/Fmr CFO, 99 Cents Only Stores LLC
Boards: 99 Cents Only Stores LLC, Convergint Technologies LLC, Floor & Decor Holdings (NYSE: FND), Nordstrom Inc. (NYSE: JWN - former)
Highlighting the progress and prominent figures in today's boardrooms.For their sixth annual Best of the Boardroom issue, we’ve partnered with Hispanic Executive to showcase prominent figures active in boardrooms across the nation, highlight the progress that has already been made in diversifying those boardrooms, and point to the changes that are still to come.>READ MORE
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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, Covid-19: ESG Game Changers, and CA Public Company Boards pages on our website.
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Latino Corporate Directors Association | 1032 15th Street, NW | #1377 | Washington, DC 20005-1503
