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CALIFORNIABOARDROOMEQUITYSCORECARD
The data in this report is an analysis of California public board composition activityfor Q4 2020 unless otherwise specified.
Data sourced in partnership with Equilar, Inc. and compiled by Latino CorporateDirectors Association (LCDA) for Latino Voices for Boardroom Equity initiative.
Quarterly Scorecard to Track Board Appointments on Public Companies Headquartered in California
Q4 2020
Introduction
The number of US Latinos on corporate boards is staggeringly low and there has been no progress in the last decade by anymeasure. In stark contrast to the size and economic strength of the US Latino population, US Latinos hold a mere 2.2% of theboard seats among the publicly-traded companies listed in the Russell 3000 Index, according to ISS ESG data as of August 31,2020.
In September 2020, the Latino Corporate Directors Association (LCDA) launched "Latino Voices for Boardroom Equity," inpartnership with leading business and civic leaders, including League of United Latin American Citizens (LULAC), UnidosUS, theMexican American Legal Defense Fund (MALDEF), the United States Hispanic Chamber of Commerce (USHCC), the Associationof Latino Professionals for America (ALPFA), and the National Hispanic Media Coalition (NHMC). This effort will target andengage US public companies lacking US Latino director representation, starting with some of the largest companies based inCalifornia, then spanning nationwide.
For accountability and transparency, progress will be tracked and shared through the publication of a quarterly scorecard.
“A COMMITMENT TO DIVERSITY AND INCLUSION IS INCOMPLETEWITHOUT LATINOS WHO ARE TWO IN TEN AMERICANS ANDACCOUNT FOR 25% OF NATIONAL GDP. INVESTORS UNDERSTANDTHE BUSINESS VALUE AND WANT CORPORATE BOARDS TO BETTERREFLECT THEIR CUSTOMERS AND EMPLOYEES.”
ROEL C. CAMPOS, LCDA BOARD CHAIR
BY THENUMBERS
61%
39%
97 9%
2.1%
*LEFT TO RIGHT RANKED BY % OF CALIFORNIA POPULATION
SOURCE: LATINO CORPORATE DIRECTORS ASSOCIATION (LCDA) ANALYSIS OF EQUILAR BOARDEDGE DATA PROVIDED BY EQUILAR, INC. AS OF DECEMBER 31 , 2020.
YET LATINO/AS ONLY HOLD 2.3% OF BOARD SEATS
2.3%
39%
LATINOS COMPRISE 39% OF CALIFORNIA POPULATION
CALIFORNIA BOARD COMPOSITION BY RACE/ETHNICITYCOMPARED TO CALIFORNIA POPULATION
82.7%% of Seats% of CA Pop.*
n= 5,734
Latinx Asian/PI Black/AfricanAmerican
White/Caucasian
Other
1.5%
39.4%36.5%
15.5%
2.3% 2.1%3.5%6.5%
10%
73/12%
Male60%
SOURCE: LATINO CORPORATE DIRECTORS ASSOCIATION (LCDA) ANALYSIS OF EQUILAR BOARDEDGE DATA PROVIDED BY EQUILAR, INC..
NEW CALIFORNIA BOARD APPOINTMENTSBETWEEN JULY 1, 2020 AND DECEMBER 31, 2020
BREAKDOWN BY GENDER BREAKDOWN BY RACE/ETHNICITY OF FEMALE APPOINTMENTS
3715%
83%
31%
74/12%
14/2.5%13/2%
434/71.5%
WHITE/CAUCASIANASIAN/PIBLACK/AFRICAN AMERICANLATINXOTHER
n= 607
Female40%
n= 367
n= 240
2712%
16569%
In partnership withEquilar, LCDA tracked 607new board appointmentsmade by California publiccompanies between July1 to December 31, 2020.
Latinos gained only 14 boardseats made between July 1 toDecember 31, 2020, while thelarge majority of seats, 434,went to the White/Caucasiandirectors, 74 seats went toAsian/Pacific Islander, and 73seats went to Black/AfricanAmerican directors.
PUBLIC COMPANIESHEADQUARTERED
IN CALIFORNIA
ABOUT THISSCORECARD
This report provides a comprehensiveanalysis of race and ethnicrepresentation, focused on Latinasand Latinos on the boards of publiccompanies headquartered inCalifornia.
The data reviews active companiespublicly traded on NYSE, Nasdaq, andAMEX.
The data in this report is an analysisof Q4 2020 California public boardcomposition activity unless otherwisespecified.
NUMBER OF BOARD SEATS AVAILABLE
MALE 4,279 | FEMALE 1,455
703 5734
OF BOARD SEATS ARE HELD BY A LATINO/A
LATINO 1.4% | LATINA 0.8%
2.3%
OF BOARDS LACK ALATINO/A DIRECTOR84.6%
31.2%OF BOARDS FAIL TO
INCLUDE ANYETHNIC/RACIAL DIVERSITY
SOURCE: LATINO CORPORATE DIRECTORS ASSOCIATION (LCDA) ANALYSIS OF EQUILAR BOARDEDGE DATA PROVIDED BY EQUILAR, INC. AS OF DECEMBER 31, 2020.
ADVANTAGE SOLUTIONS INC.CALIFORNIA RESOURCES CORPORATIONCBRE GROUP, INC.CORNERSTONE ONDEMAND, INC.LIMONEIRA COMPANYLIVEXLIVE MEDIA, INC.QUALCOMM INCORPORATED SIENTRA, INC.SIERRA BANCORPTATTOOED CHEF, INC.TRINET GROUP, INC.UNITY SOFTWARE INC.UPSTART HOLDINGS, INC.UPWORK INC.
LCDA and Latino Voices forBoardroom Equity applaud thefollowing companies for addinga Hispanic/Latino to theirboard, from October 1, 2020 to December 31, 2020.
ABOUT EQUILAREQUILAR IS A LEADING PROVIDER OF CORPORATE LEADERSHIP DATA SOLUTIONS. COMPANIES OF ALLSIZES RELY ON EQUILAR, INCLUDING 70% OF THE FORTUNE 500 AND INSTITUTIONAL INVESTORSREPRESENTING OVER $20 TRILLION IN ASSETS. EQUILAR OFFERS DATA-DRIVEN SOLUTIONS FOR BUSINESSDEVELOPMENT, BOARD RECRUITING, EXECUTIVE COMPENSATION AND SHAREHOLDER ENGAGEMENTTHAT BRING TOGETHER BUSINESS LEADERS, INSTITUTIONAL INVESTORS AND ADVISORS TO DRIVEEXCEPTIONAL RESULTS. THE EQUILAR SUITE OF SOLUTIONS INCLUDES INDUSTRY-LEADING EDUCATIONSYMPOSIUMS, COMPREHENSIVE CUSTOM RESEARCH SERVICES AND AWARD-WINNING THOUGHTLEADERSHIP. FOUNDED IN 2000, EQUILAR IS CITED REGULARLY BY ASSOCIATED PRESS, BLOOMBERG,CNBC, THE NEW YORK TIMES, THE WALL STREET JOURNAL AND OTHER LEADING MEDIA OUTLETS. LEARNMORE AT WWW.EQUILAR.COM.
ABOUT LATINO CORPORATE DIRECTORS ASSOCIATIONTHE LATINO CORPORATE DIRECTORS ASSOCIATION (LCDA) IS A NATIONAL, MEMBERSHIP ORGANIZATIONPROMOTING C-LEVEL AND BOARD DIVERSITY. OUR ORGANIZATION CHAMPIONS DIVERSITY AT THEHIGHEST LEVELS OF CORPORATE LEADERSHIP BEHIND A CRITICAL MISSION: INCREASE THEREPRESENTATION OF US LATINOS ON CORPORATE BOARDS. LCDA ACTIVELY WORKS WITH BLACKS, ASIAN-AMERICANS, WOMEN, AND LGBTQ+ ORGANIZATIONS TO ADVOCATE FOR BOARD DIVERSITY. LCDA SERVESAS AN ADVOCATE AND RESOURCE TO CORPORATE BOARDS, SEARCH FIRMS, PRIVATE EQUITY, ANDINSTITUTIONAL INVESTORS INTERESTED IN GAINING ACCESS TO EXCEPTIONAL LATINO BOARD TALENT.FOR MORE INFORMATION ABOUT LCDA: WWW.LATINOCORPORATEDIRECTORS.ORG
ABOUT LATINO VOICES FOR BOARDROOM EQUITYLATINO VOICES FOR BOARDROOM EQUITY IS A PARTNERSHIP WITH LEADING BUSINESS AND CIVICLEADERS, INCLUDING LEAGUE OF UNITED LATIN AMERICAN CITIZENS (LULAC), UNIDOSUS, THE MEXICANAMERICAN LEGAL DEFENSE FUND (MALDEF), THE UNITED STATES HISPANIC CHAMBER OF COMMERCE(USHCC), THE ASSOCIATION OF LATINO PROFESSIONALS FOR AMERICA (ALPFA), AND THE NATIONALHISPANIC MEDIA COALITION (NHMC). THIS INITIATIVE WILL TARGET AND ENGAGE WITH US PUBLICCOMPANIES LACKING LATINO REPRESENTATION. LEARN MORE ATWWW.LATINOCORPORATEDIRECTORS.ORG/LATINO_VOICES_FOR_BOARDROOM_EQ.PHP.
METHODOLOGYTHE CALIFORNIA BOARDROOM EQUITYSCORECARD ANALYZES THE PROGRESS OFBOARD COMPOSITION BY ETHNICITY ANDRACE OF CALIFORNIA PUBLIC COMPANIES
IN PARTNERSHIP WITH EQUILAR, LATINOCORPORATE DIRECTORS ASSOCIATIONCOMPILED THE DATA BY IDENTIFYINGINDIVIDUALS BASED ON GENDER ANDRACE/ETHNICITY SERVING ON CALIFORNIAPUBLIC BOARDS LISTED ON NYSE,NASDAQ, AND AMEX. THE SCORECARDDOES NOT INCLUDE SPECIAL PURPOSEACQUISITION CORPORATIONS (SPACS)AND PUBLIC FUNDS.
EQUILAR DATA, ALONG WITH PUBLICLYAVAILABLE INFORMATION, WAS USED TOIDENTIFY RACE/ETHNICITY BASED ON THEDIRECTOR’S SELF-IDENTIFICATION, NAME,BIOGRAPHY, AFFILIATIONS, AND OTHERRESOURCES.
CALCULATIONS IN THIS REPORT AREBASED ON DATA FOR THE SPECIFIEDTIMEFRAME STATED IN EACH REPORT.
CONTACTS:
ESTHER AGUILERAPRESIDENT AND [email protected]
KATHY JURADO MUNOZVICE PRESIDENT OF ADVOCACY AND DEMAND/LATINOVOICES FOR BOARDROOM EQUITY [email protected]
OZZIE GROMADA MEZADIRECTOR OF MEMBERSHIP AND [email protected]
MONIQUE NAVARRODIRECTOR OF MARKETING AND [email protected]
FOLLOW US ON SOCIAL MEDIA
WWW.LATINOCORPORATEDIRECTORS.ORG
