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September 2020
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Greetings LCDA Familia,
The number of US Latinos on corporate boards is staggeringly low and there has been no progress in the last decade by any measure. In response, LCDA announced the "Latino Voices for Boardroom Equity" initiative in partnership with leading business and civic leaders, including League of United Latin American Citizens (LULAC), UnidosUS, the Mexican American Legal Defense Fund (MALDEF), the United States Hispanic Chamber of Commerce (USHCC), the Association of Latino Professionals for America (ALPFA), and the National Hispanic Media Coalition (NHMC). This initiative will target and engage with US public companies lacking Latino representation. Progress will be tracked and shared through the publication of a quarterly scorecard. Read Bloomberg's coverage of this initiative.
California Latino leaders are urging Governor Newsom to sign AB 979 into law in advance of the September 30 legislative deadline. AB 979 defines underrepresented communities as African Americans, Asian and Pacific Islanders, Latinos, Native Americans and LBGTQ. The text of AB 979 cites LCDA's California Company Board Research and California Latina Research. As their first act, the “Latino Voices for Boardroom Equity” sent a letter of support to Governor Newsom urging him to sign AB 979. >READ MORE
We’re inspired by your commitment to board diversity, and incredibly excited to share more updates on LCDA's incredible progress.
Esther Aguilera
President and CEO
MUST WATCH: LCDA Member, Julio A. Portalatin, was recently featured on HACR's, “Afro-Latino in Corporate America: A Conversation on Race.” >VIEW HERE
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MUST READ: In our all new Chair's Corner—LCDA Chair, Roel Campos, shares his personal thoughts on why diversity must be defined to include Latinos, the largest US minority group, as well as all minorities. >READ MORE
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Big Congratulations to LCDA Members, Aida Alvarez and Ellen Ochoa on being recognized as Women of the Century USA TODAY 100! >READ MORE
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Big Congratulations to LCDA Member, Gisel Ruiz, on being recognized as Arkansas Most influential Women of the Century by USA Today! >READ MORE
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Big Congratulations to LCDA Member and Greenberg Traurig Senior Chairman, Cesar L. Alvarez, on receiving the Lifetime Achievement Award from South Florida Hispanic Chamber of Commerce. >READ MORE
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Big Congratulations to LCDA Member, Vanessa Pegueros, on being awarded 2020 Director of the Year by Puget Sound Business Journal. >READ MORE
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Big Congratulations to LCDA Members, Grace Colon and Ellen Ochoa on being recognized on the 100 Inspiring Hispanic/Latinx Scientists in America List. >READ MORE
*LCDA Member
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McKinsey & Company and LCDA: HLEF on Latinos and Impact of COVID-19 | 3rd Webinar
When: Thursday, September 24, 2020 | 5:00 - 6:30 PM ET
Attendees: LCDA Members and Extended Network
In the first two sessions of the 2020 HLEF Webinar Series, a partnership of McKinsey & Company and the Latino Corporate Directors Association (LCDA), we discussed the impact of COVID-19 on the Hispanic and Latino community, how it has had a disproportionate impact on this vulnerable population, and what areas of opportunity are emerging as most promising as we look to recovery. Group discussions were also had and participants were able to share information on initiatives and resources they have available to address the impact of COVID-19 in their communities.
Stay tuned for more details on the 3rd webinar For any questions, please reach out to Hispanic_Latino_Economic_Forum@McKinsey.com.
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Private Equity Landscape: The Path Ahead for the Economy and the New Normal
When: Thursday, October 1, 2020 | 3:45 - 5:00 PM ET
Audience: Partnership with NACD; LCDA Members and Extended Network
Session Partner: Egon Zehnder
Private equity firms are adjusting to the increased need to build a more inclusive entrepreneurial ecosystem. There is significant investment in PE firms and those firms that recognize the competitive value these innovative ecosystems drive will lead the way. Join us for an opportunity to learn how private equity firms are leading in the current unsettled economic and social environment. This session will also provide insights on serving on PE-backed private company boards, and how to position yourself to serve on a PE-backed portfolio company.
Special Remarks: Al Prieto, Managing Partner, New York & Partner, Board & CEO Practice, Egon Zehnder
Moderator: Jose B. Alvarez*, Professor, Harvard Business School, Former CEO-Stop & Shop Companies/Giant-Landover, Director: Digital Lumens Inc. and United Rentals
Panelist: Wes Bieligk, Managing Director, U.S. Buyout, Corporate Private Equity, Carlyle; Director: Novolex
Panelist: Nancy Ford, Managing Director, Private Equity, KKR; Director: Upfield, Nature's Bounty, Channel Control Merchants, Gibson Brands, Heartland Dental., and Coty
Panelist: David Trujillo, Partner, TPG; Director: Cirque du Soleil, Creative Artists Agency (CAA), Ipsy, Layer3 TV, RCN Telecom & Grande Communications, RentPath, and Univision Communications
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When: Thursday, October 8, 2020 | 1:00 - 2:00 PM ET
Audience: LCDA Members and Extended Network
The world is experiencing two dramatic and unforeseen events at the same time. First the global pandemic and second, an economic crisis driven by a simultaneous lockdown in almost every part of the world, challenging business and economies alike. These months have demonstrated that the commercial insurance market cannot fully provide organizations with protection from the enormous costs of pandemics.How can businesses respond to these challenges and become more resilient to future pandemics? In this session, LCDA Member and Marsh & McLennan Vice Chair Julio Portalatin speaks with the Company’s President & CEO Dan Glaser about the pandemic and what’s next, the outlook for the insurance industry, public-private solutions, business resiliency, and the need for purposeful leadership in this uncertain time.
Featured Speaker: Daniel S. Glaser, President & CEO, Marsh & McLennan Companies (MMC)
Featured Speaker: Julio A. Portalatin*, Vice Chair, Marsh & McLennan Companies (MMC); Director, DXC Technology
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When: Wednesday, October 14, 2020 | 2:00 - 3:00 PM ET
Audience: LCDA Members and Extended Network
Session Partner: Goldman Sachs
COVID-19 and the ongoing social unrest around policing practices and systemic inequalities has brought to light the importance of social factors to a company’s bottom line. It has also driven an increasing acknowledgement that social factors, in combination with financial metrics and environmental and governance factors, can help investors understand how resilient a company may be. The decisions companies make now will impact how their employees view them, how their customers view them, and ultimately how they are viewed by investors. In 2020, companies will be measured on two things - liquidity and humanity.
Moderator: Tere Alvarez Canida*, Principal, Cito Capital Group; Director, Kemper
Panelist: Ralph De La Vega*, Former Vice Chairman, AT&T; Director, Amdocs Ltd., American Express Company, and New York Life Insurance Co.
Panelist: John Goldstein, Head of the Sustainable Finance Group, Goldman Sachs
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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, José B. Alvarez, on his appointment to the TJX Companies, Inc. (NYSE:TJX) board of directors.
Congratulations to R. Martin Chavez on his appointment to Earli Inc. and Cambrian Biopharma Board.
Congratulations to LCDA Member, Manny Fernandez, on his appointment to Jacobs Engineering Group Inc. (NYSE:J) board of directors.
Congratulations to LCDA Member, Lisa Rojas Bacus, on her appointment to Selective Insurance Group, Inc. (NASDAQ: SIGI) board of directors.
Congratulations to LCDA Member, Gisel Ruiz, on her appointment to the Cracker Barrel Old Country Store® (Nasdaq: CBRL) and Vital Farms, Inc. (NasdaqGM:VITL) board of directors.
Congratulations to LCDA Member, Denice Torres, on her appointment to bluebird bio, Inc. (Nasdaq: BLUE) board of directors.
Congratulations to LCDA Member, Javier Saade, on being named as part of five directors that will join the Real estate tech company Porch.com’s board when it goes public later this year.
Board: First Financial Bankshares, Inc. (NasdaqGS:FFIN)
Manny Cofresi Jr., CFA, SVP, Global Head of M&A/Corporate Development, Elavon, Inc.
Board: Formerly ADP International, a subsidiary of Automatic Data Processing, Inc. (NasdaqGS:ADP)
Board: HP Inc. (NYSE:HPQ)
Board: ANI Pharmaceuticals, Inc. (NasdaqGM:ANIP)
Board: American Woodmark Corporation (NasdaqGS:AMWD)
Board: Blue Cross and Blue Shield of Florida Inc (Florida Blue); General Mills, Inc. (NYSE:GIS); GuideWell Mutual Holding Corp.; O'Reilly Automotive, Inc. (NasdaqGS:ORLY)
Rocío Summers, Founder and Principal Consultant, RS International Business Consulting, LLC
Board: SelectHealth Inc., subsidiary of Intermountain Healthcare, Inc.
Board: Papa John's International, Inc. (NasdaqGS:PZZA)
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This Hispanic Heritage Month, Latino Corporate Directors Association has partnered with Egon Zehnder to showcase great leaders and the even greater stories behind their success. >VIEW HERE
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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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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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.
The Fire is Now: Race and Accountability in the Boardroom
When: Thursday, September 24, 2020
Time: 3:00 - 4:15 PM ET
Attendees: LCDA Members and Extended Network
Host: KPMG
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The Need for Board Risk Committees: Part II
When: Tuesday, September 29, 2020
Time: 2:00 – 3:30 PM ET
Attendees: LCDA Members and Extended Network
Host: The Santa Fe Group & WomenCorporateDirectors
For insightful news and information along with valuable tools and resources, visit the Covid-19 Board Resources, Covid-19: ESG Game Changers, CA Public Company Boards, and Latino Voices for Boardroom Equity pages on our website.
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