More than 60% of Fortune 1000 company boards lack Latino representation

Latinos are the second-largest demographic in the United States, but they’re underrepresented on corporate boards, according to a new report by the Association of Latino Company Directors.

Esther Aguilera, CEO of LCDA, told CNBC this week: “Sixty-five percent of the 1000 Fortune list companies lack Latinos, and Latinos are seeing the worst growth relative to their peers. any other group” Conference L’Attitude.

That’s even worse for women. According to the report, Latinas only account for 1% of the board seats in Fortune 500 companies

Latinos make up nearly 20% of the US population and are responsible for $2.7 trillion in economic output in 2020.

We contribute 25% of the country’s GDP and will contribute 78% of net new workers to the workforce this decade. This must change,” Elizabeth Oliver-Farrow, president of the Association of Latino Business Directors, said in a statement.

The Association of Company Directors Latinoa Latino American membership-based organization at the highest levels of corporate leadership and corporate governance; established to increase Latino American representation on corporate boards by Raise the profile of the Hispanic talent prioritized in the boardroom.

“These are extremely successful individuals who have led and grown their business at the corporate level internationally, and they add value and insight into markets,” said Aguilera. new school.

Although corporations still have a long way to go, they have seen some success recently, she said.

On Wednesday, Nike announced that Monica Gil, director of administration and marketing at NBCUniversal Telemundo Enterprises, will join its board.

“We’ve got American Airlines, Apple and a lot of companies are starting to get it. So the question becomes, ‘Hey, these companies are going strong,'” Aguilera said. where?”

Disclosure: NBC Universal is the parent company of CNBC.

Source link


News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button