April 2021

LCDA YouTube | Latino Board Tracker | Member Spotlight | LCDA News

Greetings LCDA Familia,

LCDA’s advocacy has reached new heights, with our research reporting 82 new Latino appointments to all public company boards in the first quarter of 2021--a quadruple increase compared with the same quarter last year. Latinas comprised 41% of these appointments and 40% of the directorships went to individuals serving on a board for the first time. 

As highlighted in a recent Bloomberg exclusive, these numbers follow a push by states, companies, and pension funds that put a spotlight on racial, ethnic, and gender diversity on public company boards. Outside pressure on companies by coalitions such as Latino Voices for Boardroom Equity also aim to ensure fair representation of all races and ethnicities. 

The current increase in Latino representation among board members offers a unique opportunity for boards to better reflect a range of diverse perspectives. Not discounting this significant progress, Latinos, who comprise 18% of the US population, continue to be the most underrepresented in the boardroom. In fact,

if Latinos were to accrue the same number of board appointments every quarter for the next 10 years, Latinx directors would only hold 10% of public company board seats, far less than our percentage of the US population. 

We look forward to continued progress in Latino board appointments and thank you for your continued allyship and support. 

Stay safe and healthy,

Kudos to LCDA Member, Cesar Conde, who took over NBCUniversal in May 2020 and has since hit the ground running! Highlighted in a recent Wall Street Journal exclusive, NBC’s News Chief Pushes Streaming and Bets on Post-Trump Story Lines.

Last summer, Mr. Conde announced a “50% Challenge” to push for half of the division’s employees to be people of color, and half of them to be women. The network said the effort is bearing fruit, with people of color representing about 46% of its new hires since the challenge was announced and women representing about 67% of new hires.

Conde brings much experience and a lens of diversity to the role. The son of immigrants from Peru and Cuba, the New York-born Mr. Conde is the first Latino to lead a general-interest English-language TV news organization. He has spent much of his career rising through the ranks of Spanish-language networks such as Univision and Telemundo. He is a corporate director at Walmart Inc. and PepsiCo Inc. >READ MORE

Congratulations to Kimberly Casiano for being awarded the Pinnacle Award from Al Dia Women of Merit. >READ MORE

Congratulations to Isaura Gaeta on being named a 2021 Leading Latina by Hispanic Executive magazine.  >READ MORE

Congratulations to Yvette Ostolaza who Sidley Austin recently elected as chair of its management committee, making her the first woman to lead the 155-year-old firm. >READ MORE

Congratulations to our most recent Executive Members who have joined corporate boards and transitioned to LCDA's Director Membership category.

At Kaiser Permanente, the man at the top, Chair & Chief Executive Officer, Greg A. Adams, had only stepped into his role a few months before the pandemic hit and was almost immediately confronted with this crisis. Join us as we sit down with Greg Adams, in conversation with Kaiser Board Member Ramon Baez, to talk about leading through crisis and managing the challenges of dealing with both the pandemic and racial inequality in the U.S.—as a new leader, as a major employer, and as a healthcare provider.

The Long-Term Value of Workforce Well-Being

Thursday, May 13, 2021

1:00 PM – 2:00 PM EDT

Join KPMG for a live discussion of how companies and boards are rethinking workforce well-being to help drive strategy and long-term performance. For more information and to register, click HERE.

Tuesday, May 4, 2021 | Busted Deals: How Do Directors Prepare for a Baked Deal that Flops |10:00am - 11:00am PT |Moderated by LCDA member F. Daniel Siciliano - Chairman, Federal Home Loan Bank San Francisco. For more information and to register for the webinar, click HERE.  

Wednesday, May 19, 2021 | Flying the Coop: Why are Companies Leaving Silicon Valley and Will There be Regrets? | 10:00am - 11:00am PT | Moderated by LCDA member, F. Daniel Siciliano - Chairman, Federal Home Loan Bank San Francisco. For more information and to register for the webinar, click HERE.  

For insightful news and information along with valuable tools and resources, visit the California Boardroom Equity Tracker, California Boardroom Equity Scorecard, 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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