(Logo via KPMG)

KPMG and the Latino Corporate Directors Association Examine Latino Representation in the Boardrooms of U.S. Corporations.

Originally Published by KPMG

Latino representation on Fortune 1000 boards

KPMG and the Latino Corporate Directors Association examine Latino representation in the boardrooms of U.S. corporations.

The importance of the Latino community to the U.S. economy cannot be overstated. Latinos comprise just over 18% of the US population1 and this percentage is expected to grow to 29% by the year 2050.2 The contributions to the U.S. economy made by Latinos is significant and is also expected to grow dramatically in coming decades. Consider these facts:

  • Latinos3 accounted for 82% of the growth in the U.S. labor-force participation between 2010 and 20174
  • GDP among Latinos has grown at a faster rate than the overall U.S. economy, growing from $1.7 billion in 2010 to $2.3 billion in 20175
  • The purchasing power of the Latino community is expected to top $1.9 trillion by 2023.6

As business leaders plan for long-term growth and sustainability, they must take into consideration the role that Latinos will play as their companies’ employees, consumers and business partners. However, the Latino voice is rarely represented in the corporate boardroom, despite increasingly loud calls for improved diversity on boards.

For a variety of reasons, discussions about board diversity have predominantly focused on gender. However, racial and ethnic background is an important aspect of board diversity as well. To date, studies of the racial and ethnic backgrounds of directors have been limited by a lack of consistent data since boards are not required to disclose the demographics of each director in their regulatory filings. Based on data that has been collected and verified by the Latino Corporate Directors Association, this study provides a unique perspective on the state of Latino representation in the boardrooms of U.S. corporations as of July 31, 2019.

Download PDF

Latino representation on Fortune 1000 boards

A study of Latino representation on boards of U.S. corporations

Latest News

Facebook logo

Facebook Forced To Pay a Record $14-Million Settlement for Discriminating Against US Workers

October continues to be a month Facebook likely wishes it could forget. First came Frances Haugen, the whistleblower who explained in chilling detail how the site and its algorithms are designed to profit off what she called “the spread and amplification of hate, misinformation and political unrest.” Then there was…

United States Capitol Building

More Than 300 Black Congressional Staffers Decry Lack of Diversity on Capitol Hill; Challenge Lawmakers To ‘Do Better’

Regardless of which party is in power at any given time, people of color continue to be woefully underrepresented in not just elected office but also within support roles working for those lawmakers. And now, hundreds of these staffers are speaking out about what they call an “appalling” lack of…